February Preliminary Sales Tax Report

STEAMBOAT SPRINGS, COLORADO-April 2, 2018-The City of Steamboat has published the
preliminary February 2018 Sales, Use, and Accommodation Tax Report. City of Steamboat Springs’
February sales taxes are 6.61% more compared to the February 2017 collections or an increase of
$156,813. For the past 5 years, February collections represent about 10% of annual collections. Year
to date sales tax collection is 7.80% more than year to date through February 2017.
When comparing this February to the prior February, the greatest categorical increases were in
Marijuana at 14.02% and Miscellaneous Retail at 7.67% Notable increases in collections by area
were 30.73% for the Regional area and 10.29% for the Highway 40 Corridor area.
Accommodation Tax, with the passing of referendum 2A, is now primarily dedicated to local trail
projects and Yampa Street improvements. Additionally, a small amount is dedicated towards the
marketing of these projects and capital improvements at Haymaker. February collections were 9.14%
greater than the same period last year.
Building Use Tax is used to fund capital projects for the City of Steamboat Springs. This tax
fluctuates depending on building permits issued, use tax audits completed, and the size and number
of developments in the City. February net use tax collections totaled $92,542.

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