Sluggish Chinese Economy, Brexit Bite Tourism States

Stateline: The British decision to leave the European Union, China’s economic slowdown, a strong dollar and other global factors spell trouble for states that depend on international tourists for tax revenue.

In Florida, where 23 percent of sales tax revenue comes from tourism, officials are worried that the weakness of the British pound, one effect of the “Brexit” vote, will keep British tourists away and hurt local businesses and tax receipts. Because international travelers typically book their trips 4-6 months in advance, Florida might not feel the effects of the Brexit vote for several more months.

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