According to Commissioner of Revenue Lee Richards, DTM restaurants generated $1,147,809 in meals tax revenue in 2011, up almost $115,000 from 2010. And, because of some dated tracking, that doesn’t include revenue generated by restaurants on the DTM’s side streets. Starting in 2009, over all city meals tax revenue (which is roughly $6.7 million) began to fall for the first time in nearly a decade, but began to pick up in 2011.
So, will it continue to rise in 2012? We’ll have to wait for those figures, but with the increasing number of eateries going up on the DTM, some wonder if the market is getting saturated. What do you think?