Vail sales taxes jump in June
August 11, 2010
After a rough spring, sales tax collections in Vail, Colorado, took a major jump in June, racking up a 21.6 percent jump over the same month in 2009.
The summery June numbers now have the town’s sales tax collections for the year to date just less than 1 percent higher than they were in 2009. Of course, 2009 tax collections were more than 20 percent down from 2008. Still, given the times, any kind of increase is welcome news.
The biggest increase by category came in the retail sector, which was up 33.4 percent from June of 2009. The retail sector is also the biggest category by dollar volume. The 2010 retail collections for June were just more than $334,000, compared to more than $250,000 last year.
Lodging, the second-largest category by dollar volume, also had the second-biggest percentage increase – 28.9 percent.
Breaking down the collections for different parts of Vail, by far the biggest jump came from out-of-town retail sales, which increased from more than $37,000 last year to more than $117,000 in 2010.
While June tax collections were up in almost every category in every neighborhood, the overall collections paint a more subdued picture. For the whole town, retail and lodging are up 3.4 and 3.6 percent, respectively. For the year, town sales taxes are up just 0.9 percent over last year.
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Business Editor Scott N. Miller can be reached at 970-748-2930 or email@example.com.