Steamboat sales tax collections increase for 17th consecutive month
September 18, 2018
STEAMBOAT SPRINGS — July sales tax collections in the city of Steamboat Springs were up 2.3 percent compared with the same month in 2017, according to a report from the city. Year-to-date collections are up 6.6 percent compared with last year.
The city’s collection of $2.3 million is its largest July collection to date. It’s the 17th consecutive month of sales tax collection increases compared with the same month in the previous year.
Most sales tax collection categories saw modest gains compared with July 2017, including liquor up 0.6 percent, grocery up 2.2 percent, restaurants and marijuana each up 2.4 percent, and lodging and amenities up 3.4 percent. Miscellaneous retail saw more significant growth with a 6.6 percent increase. Construction and home improvement, sporting goods and utilities all saw losses compared with July 2017.
Across sales tax collection areas, regional Steamboat saw a 10.9 percent increase compared with July 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 small decrease at -0.3 percent while all other areas saw modest gains.
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