A new report from the American Independent Budget office has shown that income from hotel occupancy tax in New York counties has dropped by $ 14 m in fiscal year . The report suggests that hotel occupancy tax will generate $ 546 m over the 2016 fiscal year , reflecting the $ 14 m drop from the previous year : the first drop seen since the recession in 2009 . The budget office report specifically mentions revenue from services like Airbnb as a contributing factor to losses .
A new report from the American Independent Budget Office has shown that income from hotel occupancy tax in New York City has dropped by $14m in one year. The report suggests that hotel occupancy tax will generate $546m over the 2016 fiscal year, reflecting the $14m drop from the previous year: the first drop seen since the recession in 2009. The budget office report specifically mentions competition from services like Airbnb as a contributing factor to losses.