April sales tax report shows modest gain for Steamboat

Collections increase 3.6 percent for month

Friday, June 15, 2012

Steamboat Springs — April’s sales tax collections in the city of Steamboat Springs increased 3.6 percent compared with April 2011, according to the final report released Thursday afternoon.

The final collections of $940,529 came in slightly higher than the preliminary projection of $939,371. April is the second month this year in which revenues increased from the corresponding month in 2011.

April’s revenues push year-to-date collections to $6.53 million, just 0.05 percent off the $6.54 million tallied through the first four months of 2011. The city budgeted for a 5 percent overall decrease in sales tax collections this year.

When broken down by category, April’s biggest year-over-year gains came in sporting goods, which jumped 18.66 percent from $47,627 last year to $56,625 this year. The biggest decline was in utilities, which fell nearly 10 percent from $155,027 last year to $139,613 this year.

Building-use tax collections dropped 35 percent from April 2011. Building-use tax revenues now are down 47 percent through the first four months of 2012.

Accommodations tax revenues crept up 2 percent in April, but the year-to-date collections still are down nearly 5 percent.

The city’s new sales tax dedicated to air service at Yampa Valley Regional Airport collected $115,662 in April. It now has brought in $357,012 through the first four months of the year.

April 2012 sales tax revenue

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