HomeMy WebLinkAbout13. June Revenue Updates TOWN OF VAIL
REVENUE UPDATE
June 5, 2018
Sales Tax
Upon receipt of all sales tax returns, April collections are estimated to be
$1,171,550 down 15.5% from last year and down 10.0% compared to budget.
Year to date collections of $12,713,412 are up 2.1% from prior year and down
0.4% from budget. Inflation as measured by the consumer price index was up
2.5% for April. The annual budget totals $26.0 million.
To eliminate the variances due to the impact of how the Easter holiday fell, staff
has combined March and April results. March and April combined collections are
estimated to be $5,320,236 up 5.8% from prior year and down 0.8% from budget.
Real Estate Transfer Tax (RETT)
RETT collections through May 30 total $3,073,625 up 65.1% from this time last
year. The annual 2018 RETT budget totals $6.1 million.
Construction Use Tax
Use Tax collections through May 30 total $988,167 compared to $633,725 from
this time last year. The annual budget totals $1,975,900.
Summary
Across all funds, year-to-date total revenue of $33.8 million is up 2.6 % from
amended budget and up 3.7% from prior year.
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