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HomeMy WebLinkAbout140401 Revenue HIghlights - 1 - TOWN OF VAIL REVENUE HIGHLIGHTS April 1, 2014 Sales Tax Upon receipt of all sales tax returns, February collections are estimated to be $3,451,744 up 5.6% from last year and up 5.6% compared to budget. Inflation as measured by the consumer price index was up 1.1% for February. The annual budget totals $22.0 million. Real Estate Transfer Tax (RETT) RETT collections through March 26 total $954,998 down 3.3% from this time last year. Of current collections, 23.5% is from major redevelopment projects including Four Seasons, Ritz Carlton Residences, Solaris, and Lions Square Lodge North. Collections not related to major redevelopment projects currently total $730,545 down14.3% from prior year. The annual RETT budget totals $3.9 million. Parking Revenue Season to date: Pass sales from November through March 25 total $728,997, up 9.5% from prior winter season. Daily sales from the parking structures from November through March 15 total approximately $2.3 million, flat with prior winter season (prior season includes a full month of March).