HomeMy WebLinkAbout150505 Revenue Highlights - 1 -
TOWN OF VAIL
REVENUE HIGHLIGHTS
May 5, 2015
Sales Tax
Upon receipt of all sales tax returns, March collections are estimated to be
$4,057,344 up 7.1% from last year and up 2.7% compared to budget. Inflation
as measured by the consumer price index was down 0.1% for March. The
annual budget totals $24.5 million.
Real Estate Transfer Tax (RETT)
RETT collections through April 28 total $1,463,864 down 37.1% from this time
last year. 2014 collections totaled $6,849,449, a record year since the peak in
2008. The current annual 2015 budget of $5,670,000 is a 21% reduction from
prior year actuals.
Construction Use Tax
Use Tax collections through April 28 total $687,446 compared to $200,309 from
this time last year. The annual budget totals $1.8 million.
Parking Revenue
Season to date:
Pass sales from November through April 20 total $814,413, up 6.8% from prior
winter season.
Daily sales from the parking structures from November through April 20 total
approximately $4.1 million, up 17.4% from the prior winter season.