HomeMy WebLinkAbout16. April Revenue Updates - 1 -
TOWN OF VAIL
REVENUE UPDATE
April 3, 2018
Sales Tax
Upon receipt of all sales tax returns, February collections are estimated to be
$3,712,035 up 0.5% from last year and up 0.5% compared to budget. Year to
date collections of $7,191,823 are down 3.1% from prior year and down 2.9%
from budget. Inflation as measured by the consumer price index was up 2.2% for
February. The annual budget totals $26.0 million.
Real Estate Transfer Tax (RETT)
RETT collections through March 28 total $1,036,110 down 14.2% from this time
last year. The annual 2018 RETT budget totals $6.1 million.
Construction Use Tax
Use Tax collections through March 28 total $197,618 compared to $147,967 from
this time last year. The annual budget totals $1,975,900.
Parking Revenue
Season to date:
Pass sales from November through March 28 total $1,230,728 up 22.2% 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 March 28 total
approximately $3,309,088, down 6.3% from the prior winter season.