HomeMy WebLinkAbout07. 171205_Revenue_Updates - 1 -
TOWN OF VAIL
REVENUE UPDATE
December 5, 2017
Sales Tax
Upon receipt of all sales tax returns, October collections are estimated to be
$867,555 down 4.3% from last year and down 6.8% compared to budget. Year to
date collections of $20,799,695 are down 0.6% from prior year and up 0.8% from
budget. Inflation as measured by the consumer price index was up 2.0% for
October.
Real Estate Transfer Tax (RETT)
RETT collections through November 29 total $5,735,048 up 23.5% from this time
last year. The annual 2017 RETT budget totals $5.85 million.
Construction Use Tax
Use Tax collections through November 30 total $1,753,142 up 0.6% compared to
collections of $1,743,113 from this time last year. The annual budget totals
$1,545,000.
Summary
Across all funds, year-to-date total revenue of $50.7 million is up 2.3% from the
amended budget and up 1.0% from prior year.