July sales tax collections in Steamboat move into the positive compared with 2011
September 18, 2012
Steamboat Springs — There weren’t many surprises in the city of Steamboat Springs’ final July tax collections report, which was released Tuesday.
General sales tax collections for the city were bumped into the positive compared with July of last year, a change from the preliminary report, which indicated collections were slightly in the negative compared with 2011.
The city collected $1,539,889 in general sales taxes in July, an increase of less than 1 percent compared with the same month last year, when the city collected $1,528,713. The city’s year-to-date sales tax collections are 2 percent ahead of 2011 collections.
General sales tax collections are broken down by category, where miscellaneous retail and restaurants saw decreases of less than 2 percent while lodging and amenities saw the largest increase at nearly 10 percent, followed by sporting goods (4.12 percent), utilities (2.74 percent) and liquor stores (0.89 percent).
By sales tax area, the ski base area saw the largest increase at more than 13 percent. The U.S. Highway 40 corridor also saw an increase at nearly 3 percent, but all other areas — including downtown (-3.74 percent), regional (-5.65 percent) and west Steamboat (-6.62 percent) — saw decreases.
In other tax categories, building-use tax collections saw a 262 percent increase compared with July 2011, which was indicated in the preliminary report. The city collected $63,526 in July compared with $17,572 in the same month last year.
The tax has seen an increase in only one other month this year: March saw $23,676 in collections compared with $7,188 in March 2011 for an increase of nearly 230 percent.
Building-use tax revenue fluctuates monthly depending on how many building permits are issued, how many use tax audits are completed and the size and number of developments in the city.
Accommodations tax collections were up nearly 9 percent in July compared with July 2011, but the tax remains down less than half a percent year-to-date.
The air service tax collected $95,455 in July, putting collections at $601,592 for the year. The tax, which was passed by Steamboat voters in November, is dedicated to funding direct ski season jet flights into Yampa Valley Regional Airport.
To reach Nicole Miller, call 970-871-4246 or email nmiller@SteamboatToday.com