HomeMy WebLinkAbout140601 Revenue HIghlights - 1 -
TOWN OF VAIL
REVENUE HIGHLIGHTS
June 1, 2014
Sales Tax
Upon receipt of all sales tax returns, April collections are estimated to be
$1,271,887 up 19.0% from last year and down 5.8% compared to budget. Year
to date collections of $11,974,172 are up 7.6% from the prior year and up 5.5%
from budget. Inflation as measured by the consumer price index was up 2.0% for
April. The annual budget totals $22.0 million.
Real Estate Transfer Tax (RETT)
RETT collections through May 28 total $2,776,309 up 73.0% from this time last
year. The significant increase is mainly due to the purchase of residential
properties. The annual RETT budget currently totals $3.9 million.
Construction Use Tax
Use Tax collections total $521,170 year-to-date compared to an annual budget of
$1.0 million. Construction Use Tax is up 21.0% from collections this time last
year.