Thursday, November 11, 2004
The city had a 15.9 percent boost in sales tax for September, showing strong increases across the board.
September brought in $1.09 million this year, compared with the $942,000 the month generated in sales tax revenue the year before.
The large increase comes a month after the first decrease in city sales tax revenue for more than a year. August fell 2.4 percent from August 2003.
September is the month that historically generates the most revenue during the city's shoulder seasons but has far less sales tax revenue than the city's more heavily visited months in the winter and summer.
"It is one of the smaller months, but every little bit helps," City Manager Paul Hughes said. "It's nice to see the tourist season continue through September."
The sales tax for September was helped by the month's good weather and foliage, Hughes said, noting that sales tax was significantly up for most of the state's mountain towns.
In Winter Park, sales tax increased by 21 percent for September, in Aspen it increased 19.6 percent, and in Vail it increased 7.14 percent.
"Everyone had a really good September," Hughes said.
For the city, the lodging sector had one of the highest increases in sales tax with the accommodation tax increasing by 30.12 percent and bringing in $22,069. All sectors of the economy were up with restaurants, sporting goods and liquor stores having double-digit increases.
Year to date, the city continues to have a strong increase over 2003. With September's sales tax, the city has collected $11,246,876 this year, a 6.6 percent increase from 2003.
The building-use tax also continues to be strong for the year with $1.3 million collected so far, a 77.17 percent increase from 2003. The tax increased by 161 percent in September with $276,00 collected.
Last month, Sandy Evans-Hall, the executive vice president of the Steamboat Springs Chamber Resort Association, said she had heard September had been fairly strong, and October continued to look promising as long as the weather remained good and attracted visitors from the Front Range.