Sales tax collections continue to climb with February report
April 16, 2014
The city of Steamboat Springs released its final February 2014 sales tax report showing a 3.6 percent increase from sales tax collections in February 2013.
The year-to-date total collections now stand at $4,054,369 for 2014, a 5.7 percent increase from the same time last year.
The most noticeable increase in collections came from the building-use tax, which brought in $12,491 compared to $7,413 in 2013, a 68 percent increase. That brings the year-to-date building-use tax increase to 45 percent compared to 2013.
By sales tax category, miscellaneous retail (4.7 percent), lodging and amenities (5.9 percent), restaurants (5.3 percent) and liquor stores (4.3 percent) showed an increase, while sporting goods and utilities saw decreases at -0.2 percent and -5.4 percent.
All areas saw an increase in collections, with the regional area seeing the largest at 5.1 percent.
Read the full report here.
Other resort communities
Some Colorado mountain resort communities experienced better sales tax growth than Steamboat in February, while others lagged.
Aspen led the way among a group of 10 resort communities highlighted in a report released by the city of Steamboat Springs this week. Aspen saw sales tax receipts increase 13.3 percent in February 2014 compared with February 2013.
Breckenridge revenues increased 10.1 percent, Crested Butte revenues increased 9.2 percent and Telluride saw a 9.5 percent increase. Nearby Winter Park saw sales tax revenues increase 4.7 percent from a year ago.
The other towns that saw an increase were Frisco (1.7 percent), Glenwood Springs (1.8 percent) and Vail (1.7 percent).
The only mountain town that saw a decrease in revenue came from Snowmass Village at -2.6 percent.