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Record income for New Ulm lodging tax receipts

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NEW ULM, Minn. -

The financial numbers are in for lodging taxes in New Ulm.
According to the local Convention and Visitors Bureau, the lodging tax receipts set a record income of $110,473.

That amount is from the fiscal time period of September 1, 2012 to August 31st of this year.

Officials point out the above dollar figure is predicated on hotel businesses not raising room rates.

So what happens with that money? Spokespeople say the City of New Ulm collects the lodging taxes as the fiscal agent and keeps five percent of the total receipts. The remaining 95 percent goes back to the Convention and Visitors Bureau, where the money is used for various purposes, including operation and promotion.