Steamboat city sales tax collection in January starts 2020 off well | SteamboatToday.com
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Steamboat city sales tax collection in January starts 2020 off well

STEAMBOAT SPRINGS — City sales and use tax collection in January was almost $200,000 more than the previous year, according to a report released by the city of Steamboat Springs.

The city took in just over $3 million in January, representing a 6.52% increase from 2019. The largest increases during the month came from the sporting goods and lodging and amenities sectors.

Collections in January represent about 10% of the city’s annual collections.

The geographical areas where sales taxes are collected that showed an increase in the month were from the mountain and downtown Steamboat.

Monies collected from the 1% tax on accommodations within the city saw an 8.64% increase in January compared with the same period in 2019. Those funds are primarily dedicated to local trail projects since the Yampa Street improvements portion of Referendum 2A was completed last year. A small amount each year is dedicated toward the marketing of these projects and capital improvements at Haymaker Golf Course.

Building use tax, used to fund capital projects for the city, netted $33,526 in January. This tax fluctuates depending upon building permits issued, use tax audits completed and the size and number of developments in the city.

To reach Bryce Martin, call 970-871-4206 or email bmartin@SteamboatPilot.com.


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