HomeMy WebLinkAbout130228 Revenue HIghlights - 1 -
TOWN OF VAIL
REVENUE HIGHLIGHTS
February 28, 2013
Sales Tax
Upon receipt of all sales tax returns, January collections are estimated to be
$3,099,949 up 8.5% from last year and 4.8% up compared to budget. Inflation
as measured by the consumer price index was up 1.6% for January.
Real Estate Transfer Tax (RETT)
RETT collections through February 28 total $588,604 up 1.9% from this time last
year. Of current collections, approximately 8.8 % is from major redevelopment
projects including Manor Vail, Four Seasons, Ritz Carlton Residences, Solaris,
and Lions Square Lodge North. Collections not related to major redevelopment
projects currently total $536,954, up 18% from prior year.
Parking Revenue
2013 Revenue:
Pass sales through February 28 total $115,158, up 14.6% from 2012.
Daily sales from the parking structures total approximately $1.5 million, up 18%
from 2012. This total is for sales through February 25th.
Season to date:
Pass sales from November through February 22 total $611,581, down 0.3% from
prior winter season.
Daily sales from the parking structures total approximately $2.2 million, up 15%
from the prior winter season. Again, this total is for sales through February 25th.