Steamboat sales tax collections increase in August for 5th straight month
October 16, 2012
Steamboat Springs — Sales tax collections in Steamboat Springs saw a modest gain in August, according to a final report released Monday evening by the city.
The city collected $1,440,663 in August compared with $1,411,179 in August 2011, a 2.09 percent increase, marking the fifth consecutive month of year-over-year increases and the seventh month this year (March was down about 1 percent). Year-to-date collections are up more than 2 percent.
By category, miscellaneous retail, lodging and amenities, utilities and liquor stores saw increases of less than 5 percent. Sporting goods and restaurants saw decreases of less than 1 percent.
By area, the mountain saw collections increase more than 8 percent, with the U.S. Highway 40 corridor and regional areas also seeing increases. Downtown and west Steamboat collections were down about 3 percent.
In other tax categories, building-use tax collections again saw the largest year-over-year increase at 32.7 percent but remain 36.6 percent below last year’s collections through August.
Accommodations tax collections were up nearly 5 percent in August and are flat year-to-date compared with 2011.
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The air service tax collected $89,630 in August, putting year-to-date collections at $691,463.
To reach Nicole Miller, call 970-871-4246 or email nmiller@SteamboatToday.com