Steamboat’s September sales tax collections exceed preliminary figures
November 15, 2011
Steamboat Springs — The city of Steamboat Springs' final September sales tax collections increased slightly from the preliminary figures released earlier this month.
September sales taxes increased nearly 5.2 percent compared with September 2010. A preliminary report issued Nov. 1 indicated the increase was 4.7 percent. The difference between 4.7 percent and 5.2 percent is $5,495.
The city collected nearly $1.3 million in September. That brings year-to-date collections to more than $12.9 million, up from $12.4 million through September of 2010. That equates to a 4 percent increase.
The city separates sales tax collections by category (miscellaneous retail, lodging and amenities, sporting goods, utilities, restaurants and liquor stores) and location (downtown, base area, U.S. Highway 40 corridor, regional and west Steamboat).
Only the lodging and amenities and restaurants categories, and base area location decreased in collections from September 2010 to September 2011.
The sales tax report also includes building-use and accommodations taxes.
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Building-use taxes increased more than 150 percent to nearly $109,000 in September 2011 from September 2010, bringing the year-to-date collections to more than $701,000 — 36 percent higher than this time last year. Accommodations taxes decreased nearly 6 percent to more than $28,000 in September from September 2010, bringing the year-to-date collections to nearly $520,000 — nearly 8 percent higher than this time last year.
September was the fifth consecutive month that sales tax collections increased from the same month last year and the sixth month overall this year.
— To reach Jack Weinstein, call 970-871-4203 or email jweinstein@SteamboatToday.com