Loading...
HomeMy WebLinkAbout160405 Revenue Highlights - 1 - TOWN OF VAIL REVENUE HIGHLIGHTS April 5, 2016 Sales Tax Upon receipt of all sales tax returns, February collections are estimated to be $3,724,620 up 3.6% from last year and down 0.1% compared to budget. Year to date collections of $7,449,562 are up 2 .1% from prior year and down .1% from budget. Inflation as measured by the consumer price index was up 1% for January. The annual budget totals $25.6 million. Real Estate Transfer Tax (RETT) RETT collections through February 28 total $1,090,360 up 7.6% from this time last year. The annual 2016 RETT budget currently totals $6.5 million. Construction Use Tax Use Tax collections through March 25 total $438,620 compared to $155,983 from this time last year. The annual budget totals $1,545,000. Parking Revenue Season to date: Pass sales from November through March total $1,024,467, up 27% from prior winter season. Daily sales from the parking structures from November through March total approximately $3.1 million, up 8.5% from the prior winter season November through March.