HomeMy WebLinkAbout05. 171003 Revenue Updates - 1 -
TOWN OF VAIL
REVENUE UPDATE
October 3, 2017
Sales Tax
Upon receipt of all sales tax returns, August collections are estimated to be
$2,783,474 down 3.6% from last year and down 5.9% compared to budget. Year
to date collections of $18,395,336 are down 1.5% from prior year and down 0.4%
from budget. Inflation as measured by the consumer price index was up 1.9% for
August.
Real Estate Transfer Tax (RETT)
RETT collections through September 26 total $4,751,048 up 22.2% from this
time last year. The annual 2017 RETT budget totals $5.85 million.
Construction Use Tax
Use Tax collections through September 26 total $1,220,047 down 21.1%
compared to collections of $1,546,430 from this time last year. The annual
budget totals $1,545,000.
Summary
Across all funds, year-to-date total revenue of $45.4 million is up 2.3% from the
amended budget and down 1.5% from prior year. Variances from prior year are
the result of decreases in sales tax and construction fees.