Vail sales tax takes a hit in May
July 15, 2010
VAIL, Colorado – After getting through the most recent ski season with just a slight drop from the season before, Vail’s sales tax collections in May took a significant drop from May of 2009.
Vail May sales tax collections were down more than 22 percent from May of 2009, with only a few bright spots in an otherwise quiet month. In fact, the only two sectors with better numbers than those for May of last year were in Vail Village, in “lodging” and “other” categories.
Hardest hit was the “other” category in Lionshead, which was down more than 44 percent from 2009. The good news, sort of, is that “other” doesn’t account for much money into the town’s coffers – just more than $5,000 for the category in Vail Village and Lionshead combined.
And compared to ski season months, the total collections for May are a relatively small part of the town’s overall budget. The town collected $399,000 in May, compared to more than $2.6 million in March.
The weather didn’t help bring visitors, either, as snow fell several days during the month.