Mayor Thomas Menino announced today that the City of Boston will be raising local hotel and meals taxes at the beginning of October. The move, which was authorized by the recent state budget, will increase Boston's hotel tax from 12.45% to 14.45% and the meals tax from 6.25% to 7%. Menino expects the increases to net $18 million during the next fiscal year. According to city figures, the rates are still lower than other major cities. New York, for example, levies a 14.75% hotel tax and a 8.38% meals tax.
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