HomeMy WebLinkAbout160705 Revenue Highlights - 1 -
TOWN OF VAIL
REVENUE HIGHLIGHTS
July 5, 2016
Sales Tax
Upon receipt of all sales tax returns, May collections are estimated to be
$641,122 up 9.7% from last year and up 1.3% compared to budget. Year to date
collections of $13,388,031 are up 0.7% from prior year and down 1.3% from
budget. Inflation as measured by the consumer price index was up 1.0% for May.
The annual budget totals $25.6 million.
Real Estate Transfer Tax (RETT)
RETT collections through June 28 total $2,159,409 down 29.2% from this time
last year. 2015 annual collections totaled $6,965,617, a record year since the
peak in 2008. The annual 2016 RETT budget currently totals $6.5 million, a
decrease of 6.7% from prior year collections.
Construction Use Tax
Use Tax collections through June 27 total $1,108,738, up 6.7% from this time last
year. The annual budget totals $1,545,000.
Summary
Across all funds, year-to-date total revenue of $34.6 million is up 3.0% from the
amended budget and down 0.2% from prior year.