Steamboat tax collections look even better in final January report
March 15, 2013
Steamboat Springs — Already good news got slightly better Thursday when the city of Steamboat Springs released its final sales, use and accommodations tax report for January. The city collected $1.9 million in sales taxes for an 8.5 percent improvement compared with January 2012. The figure increased $4,127 from the preliminary report.
Following a December 2012 report marred by collections that were below December 2011 levels, the January report showed growth in all sales tax areas and categories as well as growth in other taxes the city collects.
By category, sporting goods saw the most growth compared with January 2012 at 17.3 percent. Sporting goods was the only sales tax category that showed growth in the December 2012 report. Miscellaneous retail also showed significant growth in January at 12.8 percent. Other areas showing growth compared with 2012 were utilities at 6.7 percent, restaurants at 4.5 percent, lodging and amenities at 3.6 percent and liquor stores at 1.3 percent.
By sales tax area, west Steamboat saw dramatic growth compared with January 2012 at 21 percent. The U.S. Highway 40 corridor also showed significant growth at 17.3 percent. Other sales tax categories showing growth include downtown at 7 percent, regional at 5.4 percent and the mountain area at 1.1 percent.
In other tax categories, the city collected $14,517 in building-use taxes in January compared with a year ago, when the city posted a net loss of $5,927. The increase marks a 345 percent improvement.
Accommodations tax collections increased 2.2 percent from $97,776 in 2012 to $99,971 this year.
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The Local Marketing District air service tax collected $119,320 in January compared with $88,368 in the first month of 2012, or a 35 percent increase. The tax that is dedicated to funding direct ski season jet flights into Yampa Valley Regional Airport was approved by voters in November 2011 and first was collected in January 2012.
To reach Nicole Miller, call 970-871-4246 or email nmiller@SteamboatToday.com