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.