Saturday, November 11, 2006
Steamboat Springs Steamboat Springs saw a jump in sales tax revenues again in September. The bump marks the 38th consecutive time the city has seen tax revenues increase from the same month the previous year.
The last time sales tax revenues did not increase was in July 2003.
For the month of September, revenues were up 7.9 percent from last year, according to the city's monthly sales, use and accommodation tax report.
The city collected $1.296 million in September. As of September, the city's year-to-date revenues are up 11.92 percent to $13.56 million. By comparison, $12.12 million had been collected through September 2005.
The city of Steamboat Springs is funded almost solely by sales tax revenues. This year, the city budgeted to receive $17.7 million, but is on pace to bring in about $18.3 million.
The city's 2007 budget is based on a conservative projection of a 4-percent increase in sales tax revenues.
"September is more and more becoming a busier month," said Steamboat Springs Chamber Resort Association spokeswoman Riley Polumbus. "We did not see the slowdown that we usually see in the Visitors Center."
This year, the Labor Day weekend and sidewalk sale fell on the first weekend in September, which likely contributed to the strong September numbers.
"Labor Day certainly had a lot to do with it, but I also think people are tending to take advantage of shoulder seasons more," Polumbus said.
The tax revenues report separated the sources of income into different categories. Revenues collected from a 1 percent lodging tax were up 22.58 percent from last September. Miscellaneous retail was up 7.62 percent to $785,851, compared to last September.
Steamboat also continues to outpace other resort communities in terms of taxable sales.
"I think we've been a favorable destination," Polumbus said.
She added that the Boulder Daily Camera recently ranked Steamboat the runner-up behind Estes Park for the best weekend getaway.
Aspen has seen low single-digit increases since May, and for September, was up 3.37 percent. Vail experienced a decrease of more than 2 percent. Glenwood again experienced a large increase over last year, nearly 34 percent, and their year-to-date increase is similar.
- To reach Matt Stensland, call 871-4210 or e-mail firstname.lastname@example.org