Glenwood Springs sales up for July, 2 percent ahead for 2013
Sales taxes for the city of Glenwood Springs were up again in July by about 3.3 percent compared to the same month last year, and continued to track close to 2 percent ahead of 2012 through seven months, according to the city’s latest sales tax report.
The city collected $1,319,005 in sales taxes for July, up from $1,277,305 in July 2012, and representing approximately $35.6 million in total retail sales for the month, based on the city’s sales tax rate of 3.7 percent.
Through July, Glenwood Springs retail sales were running 1.93 percent ahead of the same period last year, according to the July report issued on Sept. 4.
A break-out by retail sector indicates sales continue to lag compared to last year in the largest single category, general merchandise, by about 2.6 percent.
Sales are up, however, for building materials and supplies (+8.5 percent), apparel and accessories (+5.1 percent), automotive and service stations (+8.2 percent), restaurants and bars (+2.4 percent) and food stores (+0.5 percent).
Tourism marketing funds for Glenwood Springs, as measured by the city’s 2.5 percent accommodations (lodging) tax, were also up by nearly 4.4 percent in July compared to the same month last year, according to the monthly report. Year-to-date through seven months, the accommodations tax has brought in 4.18 percent more than last year.
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The Glenwood Hot Springs Lodge experienced vandalism in the form of significant water damage after a man removed a pipe valve with a fire extinguisher flooding four hallways. The lodge however remains open and operational.