Tuesday, November 1, 2011
Steamboat Springs For the fifth consecutive month, Steamboat Springs sales tax collections exceeded those collected during the corresponding months last year.
Sales taxes increased 4.7 percent in September from September 2010, according to a preliminary report released Tuesday by the city. Steamboat collected $1.29 million in September, up from $1.24 million in September 2010.
That brings year-to-date sales tax collections to $12.9 million, up from $12.4 million collected through September in 2010 — a nearly 4 percent increase.
Sales tax collections have increased in six of nine months this year from the corresponding months in 2010.
The city separates sales tax collections by category (miscellaneous retail, lodging and amenities, sporting goods, utilities, restaurants and liquor stores) and location (downtown, base area, U.S. Highway 40 corridor, regional and west Steamboat).
Only the lodging and amenities and restaurants categories saw slight declines in September from September 2010. Sporting goods, the smallest category, saw the largest increase at nearly 13 percent. The largest category, miscellaneous retail, increased by 7.9 percent in September from the same month last year.
With the exception of the base area, which declined by 13.8 percent, all other areas increased in September from September 2010. The regional area saw the largest increase at 16.3 percent.
The city budgeted sales taxes to decline by 10 percent in 2011. City officials have projected no increase in sales tax collections for the rest of the year and budgeted a 5 percent reduction in 2012.
Preliminary September 2011 sales tax revenue