August sales tax collections in Steamboat mark 18th consecutive month of year-over-year growth
October 22, 2018
STEAMBOAT SPRINGS — August sales tax collections in the city of Steamboat Springs were up 4 percent compared with the same month in 2017, according to a report from the city. Year-to-date collections are up 6.3 percent compared with last year.
The city's collection of $2 million is its largest August collection to date. It's the 18th consecutive month of sales tax collection increases compared with the same month in the previous year.
Nearly all sales tax collection categories saw gains in August compared with the same month in 2017. Lodging and amenities led the way with an 8.4 percent increase, and restaurants were close behind at 8.3 percent. Sporting goods were up 4.5 percent, miscellaneous retail was up 4.3 percent and grocery was up 3.5 percent. Marijuana and liquor saw modest gains at 1.9 and 1.2 percent, respectively. Construction and utilities were down compared with August 2017.
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Across sales tax collection areas, regional Steamboat saw a 17.7 percent increase compared with August 2017. The catch-all regional area includes collections that do not fall within another collection area as well as from businesses that don't have a fixed location.
Downtown Steamboat saw a 6.9 percent increase. The mountain area was up 2.7 percent, and the U.S. Highway 40 corridor was up 1 percent. West Steamboat saw a small decline in collections, down 1 percent compared with August of last year.