HomeMy WebLinkAbout09. 180306 Revenue Updates - 1 -
TOWN OF VAIL
REVENUE UPDATE
March 6, 2018
Sales Tax
Upon receipt of all sales tax returns, January collections are estimated to be
$3,470,712 down 6.8% from last year and down 6.5% compared to budget.
Inflation as measured by the consumer price index was up 2.1% for January. The
annual budget totals $26.0 million.
Real Estate Transfer Tax (RETT)
RETT collections through February 28 total $514,918 down 29.6% from this time
last year. The annual 2018 RETT budget totals $6.1 million.
Construction Use Tax
Use Tax collections through February 28 total $155,970 compared to $85,955
from this time last year. The annual budget totals $1,975,900.
Parking Revenue
Season to date:
Pass sales from November through February 28 total $1,186,365 up 24.1% from
prior winter season. The significant increase in pass sales was largely due to the
purchase of blue passes by Vail Health due to loss of parking during
construction.
Daily sales from the parking structures from November through February 28 total
approximately $2,338,504, down 13.5% from the prior winter season.