June sales tax revenues drop in Vail
August 13, 2009
VAIL, Colo. – June sales tax revenues for the town of Vail were down 21.8 percent, according to figures released this week.
Broken down by sector, retail sales dropped 14.5 percent, lodging was down 26.1 percent, food and beverage decreased 9.8 percent and utilities/other (which is mainly utilities but also includes taxable services and rentals) dropped 39.3 percent, compared to the same month a year ago.
Only tax revenues from gallery sales posted an increase – from slightly less than $4,000 for June 2008 to slightly more than $7,500 in June 2009.
The hardest-hit sector was lodging tax collections in Cascade Village, Sandstone, West Vail and East Vail, which was down more than 33 percent from last year.
Overall, year-to-date collections through June were down 15.4 percent. Tax collections for the first half of the year were down 10.2 percent in the retail category, down 22.7 percent in the lodging sector, down 9.5 percent in the food and beverage category and down 15.7 percent for utilities/other.