Staff report
Snowmass Sun
Snowmass Village, CO, Colorado

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March 19, 2013
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Snowmass sees most January revenue since recession

SNOWMASS VILLAGE - Sales in Snowmass Village were up 9.2 percent in January, according to a report from the town Finance Department, and sales tax revenue was higher than even January 2008.

Sales tax revenue in January of this year totaled $315,955.51. General-fund revenue in January 2008 was $275,511.80. The general fund is supported by a 1 percent town sales tax.

The winter season is also on a strong track, with sales tax revenue pacing 5.7 percent ahead of the November-to-January period last year.

Sales in every industry category saw increases on the report. Lodging was up 6.9 percent; restaurants 13.6 percent; sports equipment and clothing 11.7 percent; food, drug and liquor stores 12 percent; general retail 9.3 percent; and utilities 6.8 percent.

Lodging contributed to 48.6 percent of the total sales tax revenue in January.

The lodging tax fund saw a 7.3 percent increase over January 2012. Lodging tax is 2.4 percent on top of other applicable taxes.

The real estate transfer tax fund collected just 0.26 percent more than it did in January 2012.

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The Aspen Times Updated Mar 19, 2013 04:34PM Published Mar 19, 2013 04:34PM Copyright 2013 The Aspen Times. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.