August keeps up record summer sales
October 21, 2014
Sales taxes collected for the month of August show that Snowmass Village's record-breaking summer season was still on a roll.
August sales totaled close to $9.3 million, the highest amount recorded for that month in the Finance Department's tax report. That means sales this summer, which have seen a huge boost in business as well as lodging guests, are pacing ahead of last year by 13.2 percent.
Sales for the month of August are pacing 9.3 percent ahead of the same month last year. June and July were stronger, both pacing more than 15 percent ahead of the same months in 2013.
The Finance Department breaks down collections by industry in its report. Industries that paid increased sales taxes in August were lodging, 14.2 percent; sports equipment and clothing, 8.6 percent; food, drug and liquor stores, 28 percent; general retail, 23.6 percent; miscellaneous, 80 percent; and utilities, 6.4 percent.
Sectors that saw decreases were restaurants, 4.9 percent; and special events, 27.6 percent.
Real estate transfer tax collections saw a big boost of 116.9 percent. Lodging tax collections, which support the town's group sales budget, rose with the industry's sales taxes.
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