Despite pandemic, Marana revenues remain strong
by Kathleen Kunz | Tucson Local Media
The Town of Marana has enjoyed strong tax revenues over the past few months despite the COVID-19 pandemic’s negative impact on the larger economy.
The national GDP dropped by more than 30 percent at the beginning of the outbreak in the United States and since then, national unemployment has risen to 10.2 percent. However, Marana has reported strong revenue numbers and received additional funds from the federal CARES Act.
During the Sept. 1 council meeting, Marana Finance Director Yiannis Kalaitzidis said Marana’s hotel occupancy rate fell by about 10 percent and hotel revenues fell by about 11 percent in July compared to last year. The number of issued housing permits remains strong in Marana, with 855 single-family housing permits issued in fiscal year 2020 compared to 802 in 2019.
