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HomeMy WebLinkAbout08. December Revenue Updates - 1 - TOWN OF VAIL REVENUE UPDATE December 5, 2017 Sales Tax Upon receipt of all sales tax returns, October collections are estimated to be $867,555 down 4.3% from last year and down 6.8% compared to budget. Year to date collections of $20,799,695 are down 0.6% from prior year and up 0.8% from budget. Inflation as measured by the consumer price index was up 2.0% for October. Real Estate Transfer Tax (RETT) RETT collections through November 29 total $5,735,048 up 23.5% from this time last year. The annual 2017 RETT budget totals $5.85 million. Construction Use Tax Use Tax collections through November 30 total $1,753,142 up 0.6% compared to collections of $1,743,113 from this time last year. The annual budget totals $1,545,000. Summary Across all funds, year-to-date total revenue of $50.7 million is up 2.3% from the amended budget and up 1.0% from prior year.