City sales tax collected from liquor store sales see decrease in November compared to previous year
Editor’s note: This story has been updated to reflect that the decrease in city sales tax came from liquor stores, not just liquor sales.
STEAMBOAT SPRINGS — Sales tax collected from liquor stores in the city of Steamboat Springs took a dive in November when compared to the previous year period, according to the city’s most recent sales and use tax report.
Sales taxes collected from liquor store sales saw a 15.5% decrease in November, going from almost $70,000 collected in November 2018 to just under $59,000 in November 2019.
“This decrease was primarily driven by the law change allowing grocery stores to sell full-strength beer,” said Kim Weber, city finance director. Sales have increased at grocery stores and decreased at liquor stores.
While that category saw a decrease, the city’s overall sales and use tax collected showed an increase of 5.05% in November 2019 compared to the previous year period. A total of $1,680,704 was collected by the city during the month. The month has represented about 6% of total annual collections for the past five years, according to the city.
Support Local Journalism
A breakdown of the sales tax in Steamboat Springs.
- City of Steamboat Springs sales tax: 4%
- School tax: 0.5%
- State of Colorado: 2.9%
- Routt County: 1%
Total combined tax rate: 8.4%
The greatest increases from the same month in 2018 came from taxes collected in the marijuana — a 13.5% increase — and miscellaneous retail — a near 10% increase — categories. Marijuana sales taxes brought in $39,237.
Notable increases in collections by area were 16% for the regional area and 9% for the mountain area, two areas that have continued to show increases this winter season.
From January through November 2019, the city collected $24,324,173 in sales tax, which is 8.05% more than the same period in 2018.
To reach Bryce Martin, call 970-871-4206 or email bmartin@SteamboatPilot.com.
Support Local Journalism
Readers around Steamboat and Routt County make the Steamboat Pilot & Today’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.
Each donation will be used exclusively for the development and creation of increased news coverage.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User