City ends 2014 with 8.8 percent increase in sales tax collections over 2013
Sales tax collections by year
1997: $10.7 million
1998: $11.6 million
1999: $12.2 million
2000: $13.3 million
2001: $13.9 million
2002: $13.8 million
2003: $14 million
2004: $15.1 million
2005: $16.4 million
2006: $18.1 million
2007: $19.7 million
2008: $19.9 million
2009: $16.7 million
2010: $16.7 million
2011: $17.4 million
2012: $17.6 million
2013: $18.9 million
2014: $20.6 million
-City of Steamboat Springs
Steamboat Springs — The city of Steamboat Springs ended 2014 with another month of strong sales tax gains and a boost to its reserves.
Because the city budgeted to spend significantly less last year than the total amount of sales tax collected, $1.8 million in sales tax revenue went back into reserves.
Steamboat collected $20.6 million in sales tax revenue in 2014, the highest amount the city has ever collected in a year.
Collections were up 8.8 percent over 2013.
The milestone is tempered by inflation and the fact that the city collected almost $20 million in sales tax in 2008 before the Great Recession.
The latest sales tax report from the city showed collections in December continued what was an annual streak of increases.
The $2.7 million in December revenue was 8.48 percent higher than the December 2013 collections.
All categories from miscellaneous retail to sporting goods saw gains.
Regionally, the mountain area saw the biggest jump with a 17 percent uptick in revenue compared to December 2013.
“It looks like the mountain area was up every month of the year,” city Finance Director Kim Weber said. “We saw that both in the summer months and the winter months, which I think proves some of the amenity improvements with the URA have really helped drive business up there with the improvements in the beach area and the promenade.”
She added the downtown area also saw steady improvement in sales tax collections.
She attributed a 15 percent increase in lodging tax revenue last year to a mix of more visitors and properties being able to charge higher average daily rates compared to 2013.
Steamboat’s sales tax gains in 2014 lagged behind those in other mountain communities in Colorado.
Crested Butte’s collections rose 16 percent over 2013.
Revenue rose 11 percent in Aspen, 10.2 percent in Breckenridge and 14.6 percent in Frisco.
Steamboat increase of 8.84 percent was closer to the 8.3 percent increase in Vail, 9.2 percent increase in Winter Park and 7.3 percent increase in Glenwood Springs.
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