Glenwood’s September sales up 2.6 percent
GLENWOOD SPRINGS, Colorado – The city of Glenwood Springs posted another month of sales tax gains in September, bringing the year-to-date sales tax totals to about 1.6 percent over last year.
According to the latest monthly sales tax report released by Glenwood Springs Finance Director Michael Harman on Thursday, sales taxes were up nearly 2.6 percent this September compared to September 2010.
It was the eighth consecutive month of sales tax gains for the city. That comes after 32 straight months of sales tax losses dating from January of this year back to June 2008, when the national recession sent the local economy into a tailspin.
The city reported sales tax receipts of $1,234,410 this past September, compared to $1,203,323 for the same month last year.
September sales in Glenwood Springs were also slightly higher than for July and August, which isn’t out of the ordinary.
The mid-summer months are often considered the height of the tourism season, but Glenwood Springs’ September sales taxes have actually been stronger for several years running.
While retail sales were up, though, collections for the city’s 2.5 percent accommodations (lodging) tax tend to drop off in September compared to the other summer months.
The September Accommodations Tax Report for Glenwood Springs showed another 7.1 percent month-over-month increase, from $64,744 in September 2010 to $69,347 for September this year. It was the 15th straight month-over-month lodging tax increase.
Lodging tax revenues for September were down compared to June at $75,280, July at $102,637 and August at $86,592. The funds support tourism marketing efforts for the city, which are handled by the Glenwood Springs Chamber Resort Association.
The positive sales and accommodations tax news came as Glenwood Springs City Council was expected to adopt a scaled-back 2012 municipal budget Thursday night.
The budget for next year reflects a $1 million decrease in general fund spending compared to this year, including, if necessary, the elimination of up to eight full-time staff positions across several city departments.
While the local economy has improved in 2011, city taxes and other revenues have not rebounded to pre-recession levels, city manager Jeff Hecksel noted in his 2012 budget statement.
The city is looking at a general fund budget of $11.3 million for 2012, which would be down from $12.25 million this year
While sales tax collections are expected to come in around 1 to 1.5 percent over last year, they remain about 19 percent below 2008 levels.
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