Steamboat's June sales tax collections up 7 percent

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— June sales tax collections for the city of Steamboat Springs were up more than 7 percent from June 2010, pushing the city’s year-to-date collections 3 percent above last year’s pace.

The preliminary sales tax report released by the city on Monday shows June sales tax collections of $1,290,241. That compares to $1,204,185 in June 2010. The increase equates to 7.15 percent.

The city has now collected $8.69 million in sales taxes in the first half of the year. It collected $8.43 million through the first six months of 2010. The city entered 2011 having budgeted for a 10 percent decrease in sales tax revenues from the previous year.

The city separates its tax collections by category. In June, lodging and amenities saw a 21 percent increase in revenue collection over June 2010. The sporting goods category posted an 11.9 percent increase. Restaurants saw an 8.3 percent jump from last June, and liquor stores, utilities and miscellaneous retail also were up from 2010.

When separated by geographic areas, the report shows a 23 percent increase in sales tax collections for the mountain area in June. Downtown saw an 8 percent increase in collections over June 2010, and the U.S. Highway 40 corridor produced 6 percent more in tax revenues. West Steamboat saw a 7.1 percent jump.

There also was a substantial jump in building use taxes last month. June 2011 brought in $251,063, compared to $46,931 in June 2010. That’s a 435 percent increase. Year-to-date, building use tax collections are up 49 percent, from $336,226 last year to $502,756 this year.

All sales tax numbers are subject to a slight change when the final report is issued later this month.

Comments

Scott Wedel 3 years, 4 months ago

So City is proposing an additional city sales tax because they've squeezed all they can from summer tourism (according to Ski Corp), but summer sales tax numbers are up more than winter sales tax?

And now with Wyndham buying SB Resorts so they have basically a monopoly, so now the sales tax is designed to benefit the two large corporations that each basically has a local monopoly for their business. Woohoo, taxpayers might as well simplify the process and just split the tax revenues with a check to Fortress and a check to Wyndham.

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