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TOWN OF VAIL
REVENUE HIGHLIGHTS
May 3, 2016
Sales Tax
Upon receipt of all sales tax returns, March collections are estimated to be
$4,211,131 up 3.9% from last year and up 1.6% compared to budget. Year to
date collections of $11,677,239 are up 2.9% from prior year and up .7% from
budget. Inflation as measured by the consumer price index was up .9% for
March. The annual budget totals $25.6 million.
Real Estate Transfer Tax (RETT)
RETT collections through April 27 total $1,499,992 down .7% from this time last
year. The annual 2016 RETT budget currently totals $6.5 million.
Construction Use Tax
Use Tax collections through April 27 total $882,947 compared to $732,044 from
this time last year. The annual budget totals $1,545,000.
Parking Revenue
Season to date:
Pass sales from November through April total $1,037,653, up 26.8% from prior
winter season.
Daily sales from the parking structures from November through April total
approximately $4.1 million, up 10% from the prior winter season.