Steamboat June sales tax figures up 7.45 percent compared with 2010
August 17, 2011
Steamboat Springs — The final city of Steamboat Springs sales tax figures for June show a 7.5 percent increase since the same month last year, increasing the year-to-date collections to 3.16 percent higher than 2010.
According to the report issued Monday by the city, Steamboat collected nearly $1.3 million in June, up from just more than $1.2 million in June 2010. The report indicated that the city has collected nearly $8.7 million through June, up from $8.4 million at this time last year.
Kim Weber, the city's budget and tax manager, attributed the increased to better consumer confidence in June. She said people spent more money in June on lodging, which saw sales tax collections increase nearly 22 percent compared with June 2010, the largest increase of any category.
The city separates sales tax collections by category and location. All six categories and four of the five locations increased in June from June 2010.
The mountain area saw an increase in collections by more than 23 percent in June from June 2010. Only the regional category saw a decrease, by 0.4 percent.
Weber said the increase in collections for June was the second highest of the year. She said the city's March sales tax collections were 10 percent higher than March 2010. Both months are quarterly filers, which may account for the spike since last year, but not by much, Weber said.
There also was a substantial jump in building-use taxes last month. June brought in $251,063 compared with $46,931 in June 2010. That's a 435 percent increase. Year-to-date, building-use tax collections are up 49 percent, from $336,226 last year to $502,756 this year.