Sporting good retailers fare the best in Steamboat Springs’ latest sales tax report
August 15, 2013
Steamboat Springs — Sporting good stores in Steamboat Springs saw the greatest revenue gains in the city’s sales tax report for June.
The stores brought in 17 percent more sales tax revenue in June 2013 than they did in the same month last year.
Lodging revenue followed close behind with an 11 percent gain compared with June 2012.
Overall, the latest report represents another month of sales tax gains for the city.
It collected $1.4 million in June 2013, a 3 percent gain over the same month last year.
Retailers in the mountain district saw a 14 percent gain, and the city’s accommodations tax remains 9 percent more lucrative than it was by this time last year.
The mountain corridor far outpaced the small revenue gains seen in the other areas of the city.
Year-to-date, the city has collected $9.5 million in sales tax representing a 6 percent gain from last year.
Based on historic trends, the consumer confidence index and local, global and national economic outlooks, the city plans to start its fast-approaching budget season by projecting a 3 percent increase in sales tax revenue for 2014.
Other tax categories:
• Building-use tax revenue, which funds capital projects, slipped 2 percent from 2012. Year-to-date collections are up 52 percent.
• Air service tax revenue grew 4 percent in June 2013 compared with last year. Year-to-date collections are up 16 percent.
To reach Scott Franz, call 970-871-4210 or email scottfranz@SteamboatToday.com