April sales tax up about 5% over last year
Steamboat Springs sales tax for the month of April is 5.24% higher compared to April of 2021, representing an increase in collections of $96,969.
Year-to-date sales tax collection is 30.96% more than through the same period last year. April collections has represented about 5% of annual collections through the last five years.
Compared to April last year, there were noticeable increases in construction and home improvement, up 17.85%, utilities, which went up 15.58%, and restaurants, up 6.81%. Accommodation Tax revenue was down 6.84% compared to April last year, but year-to-date accommodation tax collection is 59.64% more than the same period last year.
The Accommodation Tax is used for trail projects, improvements on Yampa Street and funds a small portion of Haymaker Golf Course capital.
The Building Use Tax was down 70% compared to April of 2021. That tax fluctuates depending on building permits issued, use tax reconciliations completed and the size and number of developments in the city,.
To reach Spencer Powell, call 970-871-4229 or email him at spowell@SteamboatPilot.com
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