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TOWN OF VAIL
REVENUE HIGHLIGHTS
May 1, 2014
Sales Tax
Upon receipt of all sales tax returns, March collections are estimated to be
$3,778,625 up 3.5% from last year and up 7.7% compared to budget. Year to
date collections of $10,707,908 are up 6.4% from the prior year. Inflation as
measured by the consumer price index was up 1.5% for March. The annual
budget totals $22.0 million.
Real Estate Transfer Tax (RETT)
RETT collections through April 28 total $2,288,355 up 81.7% from this time last
year. The significant increase is mainly due to the purchase of residential
properties. The annual RETT budget totals $3.9 million.
Parking Revenue
Parking revenue of $4,380,895 for the winter season (November – April) is up
10.5% from the prior winter season. Of this total, pass sales were $752,705 (up
11.6%) and daily sales from the parking structures were $3,628,190 (up 10.3%).