Business File for July 15 | SteamboatToday.com

Business File for July 15

Sales tax revenue continues rise

— A May sales tax report prepared by city staff showed an increase during the same month last year. Total sales tax for May 2007 was $985,346, up 4.67 percent from $941,417 in May 2006. That growth is less than the growth seen last month, when sales tax revenue saw an 11.3 percent increase.

The city still is far ahead of the 3 to 5 percent sales tax increase the city budgeted for this year. Sales tax revenue is up 8.5 percent year-to-date.

The category with the largest percentage increase in sales tax was liquor stores. Liquor stores collected $39,486 in sales tax in May 2007, up 8.5 percent from $36,389 in May 2006. After strong increases in April, lodging and sporting goods both saw sales tax declines in May of 5.9 percent and 21.2 percent, respectively.

Sales tax revenue in Old Town fell for the third straight month. The $158,534 collected in May 2007 was a decline of 10.3 percent from the $176,743 collected in May 2006. Sales tax revenue also fell in the mountain and regional areas of the city. But growth in the U.S. 40 corridor and west Steamboat areas overcame those losses.

Steamboat’s sales volume of $24,633,650 in May was higher than Aspen, Breckenridge and Vail.

Small business start-up seminar Wednesday

The Colorado Mountain College Small Business Resource Center, the Routt County Economic Development Cooperative and Yampa Valley SCORE will hold a First Steps seminar this Wednesday night. This monthly seminar is for people interested in starting their own small business for the first time.

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The program aims to give a clear picture of what’s it’s like to run a small business and help potential owners assess their strengths and weaknesses.

The seminar is in Colorado Mountain College’s Bogue Hall, Room 300, from 6:30 p.m. to 9 p.m. on Wednesday. For more information contact Randy Rudasics at 870-4491.