HomeMy WebLinkAbout150602 Revenue Highlights - 1 -
TOWN OF VAIL
REVENUE HIGHLIGHTS
June 2, 2015
Sales Tax
Upon receipt of all sales tax returns, April collections are estimated to be
$1,352,414 up 5.6% from last year and up 3% compared to budget. Inflation as
measured by the consumer price index was down 0.2% for April. The annual
budget totals $24.5 million.
Real Estate Transfer Tax (RETT)
RETT collections through May 27 total $1,813,070 down 36.6% from this time
last year. 2014 annual 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 May 27 total $835,838, up 57.7% compared to
$529,917 from this time last year. The annual budget totals $1.8 million.
Summary
Across all funds, year-to-date total revenue of $26 million is up 13% from the
amended budget and up 9% from prior year, mainly due to increases in Sales
Tax and Construction Use Tax.