Eagle sales tax collections up nearly 10 percent
July 23, 2015
After years of declines following years of minimal growth, the town of Eagle is reporting sales tax collections through May are up 9.61 percent.
Eagle has collected $1.278 million in sales tax through the first five months of this year. By category, restaurant and bar collections are up 10 percent and hotel collections are up 9 percent.
Eagle Town Manager Jon Stavney noted the 2015 budget projected a 3 percent increase in sales tax, so the nearly 10 percent rise is good news.
"It's actually the best news I have heard in three years," said Eagle Mayor Yuri Kostick.
Food sales, which comprise one of Eagle's largest sales tax categories was also up 10 percent year to date for a total of nearly $400,000. City Market is the largest single sales tax collector in the town, but the state does not allow release of sales tax data from a single business.
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In the coming months, Eagle's biggest sales tax collector hopes to get bigger itself. City Market has submitted an application for a 15,600-square-foot addition on the southern side of its existing supermarket.
In order to accomplish the addition, City Market has applied to the Colorado Department of Transportation to purchase land that is part of the Interstate 70 right of way. The Colorado State Transportation Commission is expected to act on the land purchase proposal in the next month, clearing the way for the expansion to commence.
"There are many, many steps in this whole effort," noted Eagle Town Engineer Tom Gosoirowski. "We are hoping that transaction will be completed by the end of this year."
Currently the Eagle City Market is a 41,000 square foot store. The Eagle Planning and Zoning Commission is slated to begin review of the 15,600-square-foot addition proposal at its next meeting, scheduled for Tuesday.
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