Glenwood sales taxes up 3 percent for August
GLENWOOD SPRINGS, Colorado – The city of Glenwood Springs saw another 3 percent increase in sales taxes for August, marking the seventh straight month of sales tax increases after almost two straight years of declines.
Sales tax numbers for June and July have also been revised upwards since the last city sales tax report issued by Glenwood Springs Finance Director Michael Harman.
July saw a 2.6 percent increase over the same month last year, while sales taxes in June were up 4.8 percent. To date for the year, city sales taxes are up 1.38 percent.
For August, the city collected $1,204,061. That was up from $1,168,165 in August 2010 and $1,194,712 in August 2009.
The month-over-month numbers are still behind the peak years of 2007 and 2008. The city collected nearly $1.5 million in August of both those years.
The sales tax numbers for this year are also still behind levels the city originally projected for its 2011 budget. During budget discussions with city council last fall, projections were for sales taxes to top $14 million for the year.
Through August, Glenwood Springs had brought in about $8.5 million in sales taxes, with four months of collections remaining in the year, including the typically high month of December.
The city collected just over $13 million in sales taxes for all of 2010, and about $13.6 million for 2009.
The city adjusted this year’s budget after the first quarter, when it was apparent the original sales tax projections may not be met.
The city’s accommodations (lodging) tax also continued on an upward trend through August, when collections were up 5 percent.
The lodging tax brought in $86,592 in August this year, compared to $82,435 for August 2010 and $78,976 in August 2009, according to the most recent lodging tax report.
The lodging tax revenues support Glenwood Springs’ tourism marketing efforts.
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