HomeMy WebLinkAbout04. 190604 Revenue Updates TOWN OF VAIL REVENUE UPDATE June 4, 2019
Sales Tax Upon receipt of all sales tax returns, April collections are estimated to be $1,333,424 up 8.1% from last year and up 1.5% compared to budget. Year to date collections of $13,708,458 are up 6.95% from prior year and up 3.52% from
budget. Inflation as measured by the consumer price index was up 2.0% for April. The annual budget totals $27.1 million.
Real Estate Transfer Tax (RETT)
RETT collections through May 28 total $2,443,599 down 20% from this time last year. 2018 was a record year, with annual collections totaling $7.6M, up 21% from 2017. The annual 2019 RETT budget totals $6,300,000.
Construction Use Tax Use Tax collections through May 28 total $835,151 compared to $970,997 from this time last year. The annual budget totals $2,220,000.
Summary Across all funds, year-to-date total revenue of $31.0 million is up 2.2% from amended budget and flat with prior year.
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