Snowmass sales tax revenue increased 10.7 percent in 2013 | AspenTimes.com

Snowmass sales tax revenue increased 10.7 percent in 2013

Jill Beathard
Snowmass Sun

Sales were up in Snowmass Village in December, wrapping up a 10.7 percent increase in sales tax revenue for the town in 2013.

Taxed retail sales totaled $22,424,514 in December, a 3.8 percent increase from the same month in 2012, according to a report from the town Finance Department.

Sales for the year totaled $154,716,443.

The Finance Department’s report divides businesses into industry categories. It does not report on individual businesses.

Industries that experienced increased sales volume in December were lodging, with a 10.3 percent increase; restaurants, 3.8 percent; sports equipment and clothing, 10.9 percent; food, drug and liquor, 3.5 percent; and utilities, 15.1 percent.

Categories that saw decreases were general retail, 24.5 percent; and miscellaneous, 82.4 percent.

For all of 2013, industries that increased their sales were lodging, 14 percent; restaurants, 16.1 percent; sports equipment and clothing, 15 percent; food, drug and liquor stores, 6.8 percent; special events, 21.7 percent; and utilities, 4.8 percent.

Only two categories saw drops over the course of the year — general retail, 1.1 percent; and miscellaneous, 63.6 percent.

Lodging was the biggest source of sales tax revenue for the month and year. Other big breadwinners in 2013 were restaurants, sports equipment and clothing stores, and utilities.

The lodging tax, which is a 2.4 percent tax applied to guests of hotels and lodges, saw an increase in revenue of 11.7 percent in December and 14.5 percent in 2013.

Collections from the real estate transfer tax increased 67.5 percent in December. That fund rose 6.4 percent in 2013.

jbeathard@snowmasssun.com


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