Steamboat June sales tax figures up 7.45 percent compared with 2010

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June sales tax revenues

— The final city of Steamboat Springs sales tax figures for June show a 7.5 percent increase since the same month last year, increasing the year-to-date collections to 3.16 percent higher than 2010.

According to the report issued Monday by the city, Steamboat collected nearly $1.3 million in June, up from just more than $1.2 million in June 2010. The report indicated that the city has collected nearly $8.7 million through June, up from $8.4 million at this time last year.

Kim Weber, the city’s budget and tax manager, attributed the increased to better consumer confidence in June. She said people spent more money in June on lodging, which saw sales tax collections increase nearly 22 percent compared with June 2010, the largest increase of any category.

The city separates sales tax collections by category and location. All six categories and four of the five locations increased in June from June 2010.

The mountain area saw an increase in collections by more than 23 percent in June from June 2010. Only the regional category saw a decrease, by 0.4 percent.

Weber said the increase in collections for June was the second highest of the year. She said the city’s March sales tax collections were 10 percent higher than March 2010. Both months are quarterly filers, which may account for the spike since last year, but not by much, Weber said.

There also was a substantial jump in building-use taxes last month. June brought in $251,063 compared with $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.

Comments

steamboatsprings 2 years, 8 months ago

Its is nice to see continued good news in sales tax figures. There does seem to be much more activity around town, the 4th of July Parade was the busiest I have seen and well run local businesses I talk to are up strongly.

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kathy foos 2 years, 8 months ago

If Udall and Clinton get the Visa worker program ended then the unemployment rates will go down and everyone will be doing good ,not just the rich.Please let your opinion be known on this issue because people are trying to end this program at the present time.

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bill schurman 2 years, 8 months ago

Please, I'm confused. Why will unemployment go down & what does this have to do with sales tax in Stmbt ??

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Scott Wedel 2 years, 8 months ago

Isn't it great that SB city government is based upon sales tax instead of a property tax? Sales tax has already recovered and City has money. As compared to property tax which would have meant declining budgets for the next two years.

Sales tax is indicative of the state of the overall economy and if sales tax is up then jobs are likely to be up. Though, note that the retail economy is not recovering evenly across the County. I'm told Oak Creak sales tax revenues are down 4% for the year.

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