Steamboat sales taxes increase in November

City collections jump more than 5 percent from same month last year

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— For the seventh month in a row and the eighth time in 2011, Steamboat’s sales tax collections increased from the same month in 2010, according to a preliminary report released Tuesday by the city.

The city collected $1,034,030 in November, up from $984,127 in November 2010, a nearly 5.1 percent increase. That brings year-to-date collections to $14,982,251, up from $14,379,537 through November last year. That’s nearly a nearly 4.2 percent increase.

Steamboat 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).

The largest retail category, miscellaneous, increased the most at 7.6 percent in November from November 2010. Only sporting goods saw a decline at less than 3 percent.

Only the regional category saw a decline in November, and west Steamboat saw the largest increase at nearly 10 percent. The U.S. 40 corridor, which generates the most revenue, saw the second-largest jump at 6.82 percent.

The report also includes building-use and accommodate taxes, both of which increased in November from November 2010.

Preliminary November 2011 sales tax revenue

— To reach Jack Weinstein, call 970-871-4203 or email jweinstein@SteamboatToday.com

Comments

Scott Wedel 2 years, 11 months ago

Where is "Regional" Steamboat that is not part of Downtown, Base Area, HWY 40 corridor or West Steamboat? And yet has retail sales nearly twice that of the Base Area?

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Scott Ford 2 years, 11 months ago

Hi Scott W - It is my understanding that "Regional" in this context is not a geographical area. It is a "catch-all" category for the sales tax collected on utilities and sales tax collected on vehicle purchases at the time of registration, etc.

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