Vail sales tax collections up in March
VAIL – March was a pretty good month for Vail businesses, at least according to the town of Vail’s latest report on sales tax collections.
The town collected more than $2.6 million in sales taxes in March, a 6.7 percent increase over last year’s business. Like real estate sales, though, these increases, while welcome, are still baby steps up from a fairly deep hole. Sales tax collections throughout Eagle County in 2009 were off by 20 percent or more from 2008.
But up is better than down, and Vail is up more than 5 percent in sales tax collections for the first quarter of the year.
The biggest bounce on the retail scene in March came from the town’s galleries, which more than doubled their sales taxes from 2009. Even with the jump, though, gallery sales still paid less than $15,000 in sales taxes.
The biggest monetary jump came from the “sport” category, in which taxes collected climbed from $343,000 last year to $411,000 this year, a gain of nearly 20 percent.
Only two of the town’s nine sales tax categories reported drops in March – food, which was down just more than 1 percent, and “other,” which fell by 39 percent, from almost $125,000 in taxes paid in March of last year to right at $76,000 in 2010. But “other” is down just 7.7 percent for the first quarter.
Lodging collections for March rose by 12 percent over 2009. Through the end of the first quarter, those tax collections are up by 2.7 percent.