HomeMy WebLinkAbout01. 190702 Revenue Updates TOWN OF VAIL REVENUE UPDATE July 2, 2019 Sales Tax Upon receipt of all sales tax returns, May collections are estimated to be $698,317 down 15.9% from last year and down 2.7% compared to budget. Year to date collections of $14,463,098 are up 5.98% from prior year and up 3.61%
from budget. Inflation as measured by the consumer price index was up 1.8% for May. The annual budget totals $27.1 million. Real Estate Transfer Tax (RETT)
RETT collections through June 25 total $2,898,493 down 21.1% 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 June 25 total $1,696,577 compared to $1,096,088 from this time last year. The annual budget totals $2,220,000. Summary Across all funds, year-to-date total revenue of $39.2 million is up 2.4% from amended budget and up 2.5% from prior year.
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