Final report: Steamboat sales tax collections down for 2nd month this year

Advertisement

— Sales tax collections in the city of Steamboat Springs saw a decrease of more than 2 percent in September, marking only the second such decline this year, according to a final September report released Thursday by the city. The figure is a slight increase from the preliminary report, which indicated sales tax collections were down more than 2.5 percent.

The city collected $1,307,048 in September compared with $1,334,828 in September 2011. March is the other month this year that saw a decrease compared with 2011. All other months in 2012 have seen sales tax increases compared with the same months in 2011. Year to date, the city’s sales tax collections are up nearly 2 percent, or $253,397.

The September decline was reflected in nearly all sales tax categories. Miscellaneous retail (-4.4 percent), sporting goods (-1), utilities (-0.5), restaurants (-1.7) and liquor stores (-3.6) were down. Lodging and amenities was the only sales tax category that showed improvement compared with 2011, with a more than 9 percent increase.

Sales tax collections by area were a mixed bag. The base area saw the largest increase at more than 10 percent compared with September 2011. The U.S. Highway 40 corridor also saw an increase of about 2 percent. All other areas saw decreases, including regional (-9.7 percent), west Steamboat (-8.4) and downtown (-4.1).

In other tax categories, building-use tax collections again saw a more than 50 percent decrease in collections — a major change from August, when building-use tax collections saw its largest month-over-month increase at 32.7 percent. Collections remain down 38.8 percent year to date.

Accommodations tax collections were up 7.7 percent in September and are flat year to date compared with 2011.

The air service tax collected $81,493 in September, putting year-to-date collections at $774,238.

Final September 2012 tax report

To reach Nicole Miller, call 970-871-4246 or email nmiller@SteamboatToday.com

Comments

bill schurman 1 year, 10 months ago

Just maybe Ms. Hermacinski's vote on the budget was the correct vote. We'll see.

0

Requires free registration

Posting comments requires a free account and verification.