Sales tax collections in Steamboat Springs continued steady climb in July
September 18, 2013
Steamboat Springs — Sales tax growth in Steamboat Springs continued in one of the city’s busier summer months.
The final sales tax report for July showed collections increased by 5.6 percent compared with July 2012. Year to date, sales tax collections are up 6 percent.
Liquor, sporting goods and miscellaneous retail sales saw the largest sales tax increases compared with last year, and all areas saw gains except for utilities.
The city’s sales tax collections this year stand at $11.1 million.
In July, 38 percent of the tax was collected in the U.S. Highway 40 corridor, and 24 percent was collected downtown. West Steamboat saw the greatest regional gain with a 13 percent increase in collections compared with the same month last year.
Next month’s report should allow the city to gauge some of the impact of the USA Pro Challenge that attracted thousands of spectators downtown Aug. 21.
Other report highlights:
• Accommodations tax revenue was up 7.9 percent in July 2013 compared with the same month last year. Year-to-date collections are up 8.7 percent. Voters in November will decide the next use of the tax when they weigh whether to commit it to trails and the Yampa River promenade for a decade.
• The city’s building-use tax in July grew by $34,574 compared with July 2012, representing a 54 percent increase. The tax is based on how many building permits are issued, the size of developments in the city and use-tax audits.