Final May sales tax figures show 7.4% drop
July 14, 2010
Steamboat Springs — The city of Steamboat Springs released final May sales tax collection figures today. Collections were down 7.4 percent for the month from May 2009, $909,925 to $842,645. Preliminary reports two weeks ago had shown a 7.6 percent decrease for the month.
Sales tax collections decreased 6.4 percent in retail; 19.4 percent in lodging and amenities; 9 percent in sporting goods; 1.6 percent in utilities; 12.5 percent in restaurants; and 9.1 percent in liquor stores.
The city's collections were down about 4.9 percent year to date, from nearly $7.6 million in 2009 to nearly $7.2 million in 2010. The city budgeted for a 10 percent decrease in collections this year compared with 2009.