Steamboat starts year 6% down in sales tax collections
STEAMBOAT SPRINGS — The city of Steamboat Springs started 2021 with a wrinkle in its sales and use tax collection.
Sales tax collections, which serve as the city’s primary source of revenue, decreased in January 2021 compared with the same month in 2020, according to reports released this week by the city. This comes as the city ended 2020 with total collections only about 1% down from 2019.
The city brought in $3,092,711 in January, down 6.15% from the same month in 2020. January collections represent about 10% of annual collections, according to the city.
Despite the decrease in December, collections were up 19.3% for the construction and home improvement sector, and liquor stores were up 16.05%. Collections from restaurants saw the highest decline year-over-year, down about 25% from January 2020.
Individuals purchasing goods from outside of town, namely through direct online ordering or other methods, contributed to an 88.6% increase in sales tax collected from that category. Sales tax collected from purchases on the mountain, however, were down 27.7%.
The city’s accommodations tax was down 19.42% in January compared with last year. The accommodation tax is 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 also dedicated toward the marketing of these projects and capital improvements at Haymaker Golf Course.
To reach Bryce Martin, call 970-871-4206 or email bmartin@SteamboatPilot.com.
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