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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.