Vail won’t audit lift tax revenues
Vail, CO Colorado
The issue: The 4 percent Vail lift tax paid to the town of Vail by Vail Resorts.
Who they spoke to: Chris Jarnot, Vail Mountain chief operating officer; Mark Schoppet, senior vice president, controller and chief accounting officer for Vail Resorts.
What they talked about: Mayor Andy Daily said the purpose of the meeting was to see if the Vail Town Council wished to move forward with a formal audit of Vail Resorts to ensure the 4 percent lift tax was being calculated correctly. Daly called the lift tax a “major revenue source for the town.”
Jarnot said Vail Resorts would be comfortable with such an audit should the town choose to conduct one, but said the town should note obvious signs about the collection amounts as they relate to skier visits and other business increases or declines.
Town of Vail Finance Director Judy Camp told the council the circumstances surrounding the lift tax collections don’t fall under the town’s general guidelines for an audit. She said Vail Resorts has always provided credible explanations for the collection amounts.
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The council unanimously decided not to move forward with an audit.
– Lauren Glendenning