HomeMy WebLinkAbout11. 170307 Revenue Updates - 1 -
TOWN OF VAIL
REVENUE UPDATE
March 7, 2017
Sales Tax
Upon receipt of all sales tax returns, January collections are estimated to be
$3,665,023 down 2.0% from last year and down 3.5% compared to budget.
Inflation as measured by the consumer price index was up 2.5% for January. The
annual budget totals $26.1 million.
Real Estate Transfer Tax (RETT)
RETT collections through February 28 total $815,176 up 11.4% from this time
last year. The annual 2017 RETT budget totals $5.85 million.
Construction Use Tax
Use Tax collections through February 28 total $85,955 compared to $64,007
from this time last year. The annual budget totals $1,545,000.
Parking Revenue
Season to date:
Pass sales from November through February 28 total $955,705 down 1.5% from
prior winter season.
Daily sales from the parking structures from November through February 22 total
approximately $2,471,073, down 6.3% from the prior winter season.