HomeMy WebLinkAbout120228 Revenue HIghlights TOWN OF VAIL
REVENUE HIGHLIGHTS
February 28, 2012
Sales Tax
Upon receipt of all sales tax returns, January collections are estimated to be $2,831,832 up 1.3% from last year and
7.3% up compared to budget. Inflation as measured by the consumer price index was up 2.9% for January.
Real Estate Transfer Tax (RETT)
RETT collections through February 28 total
$531,000 up 3.7% from this time last year. Of current collections, approximately 22% is from major redevelopment projects including Arrabelle, Four Seasons, Landmark, Manor Vail, Mountain
View, Ritz Carlton Residences, Solaris, and The Sebastian. Collections not related to major redevelopment projects currently total $412,111, up 89% from prior year.
Parking Revenue
2012
Revenue:
Pass sales through February 22 total $98,368, down 21% from 2011.
Daily sales from the parking structures total approximately $1.2 million, down 22% from 2011, however the
2012 sales are only as of February 26, not the full month.
Season to date:
Pass sales from November through February 22 total $611,227, down 13.3% from prior winter season.
Daily
sales from the parking structures total approximately $1.8 million, down 27.1% from the prior winter season, however the 2012 sales are only as of February 26, not the full month.