September sales tax collections in Steamboat increase 4.7 percent

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— 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

Comments

exduffer 2 years, 5 months ago

How about our MMJ shops? Sales have gotta be brisk leading up to the election.

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sedgemo 2 years, 5 months ago

I'm curious what these numbers are really saying... did people make nearly 5% more purchases, or did the same amount (or fewer) purchases cost 5% more than last year?

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exduffer 2 years, 5 months ago

MMJ isn't lodging or liquor. It could be considered a sporting good. The edibles fall into the restaurant category and I know for some it is considered an utility. Just wondering.

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jerry carlton 2 years, 5 months ago

Well they will be up more next year since people keep voting in higher rates!

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1999 2 years, 5 months ago

as our voted in model goes...it's medicine. do you know what MMJ stands for?

you're trying to say something but coming off as ill informed and ignorant.

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exduffer 2 years, 5 months ago

Ignorant about what? Proponents said it means tax dollars for the city, just wondering how many $. And by the way, medicine is not taxed.

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BeCoolHoneyBunny 2 years, 5 months ago

As revenue goes up, city council continues to cut. Sales tax revenue estimates were 14% off for 2011! And the council tells the finance director to rework her numbers to cut 5% instead of 3% for next year?

It's time for city council to take a breath and a step back. Yes, we need to get our financial house in order. But at what point do we start moving forward?

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