{"id":1319473,"date":"2020-04-15T21:56:00","date_gmt":"2020-04-16T03:56:00","guid":{"rendered":"https:\/\/www.postindependent.com\/city-sales-accommodations-taxes-up-in-2019\/"},"modified":"2020-04-15T21:56:00","modified_gmt":"2020-04-16T03:56:00","slug":"city-sales-accommodations-taxes-up-in-2019","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kske\/local-news\/city-sales-accommodations-taxes-up-in-2019\/","title":{"rendered":"City sales, accommodations taxes up in 2019"},"content":{"rendered":"<figure class=\"wp-block-image p402_hide\">\n<div class=\"caption-container\"> <img loading=\"lazy\" decoding=\"async\" width=\"620\" height=\"345\" src=\"https:\/\/cdn.postindependent.com\/wp-content\/uploads\/sites\/6\/2017\/10\/salestax-gpi-101417.jpg\" class=\"attachment-large size-large wp-post-image\" alt srcset=\"https:\/\/cdn.postindependent.com\/wp-content\/uploads\/sites\/6\/2017\/10\/salestax-gpi-101417.jpg 620w, https:\/\/cdn.postindependent.com\/wp-content\/uploads\/sites\/6\/2017\/10\/salestax-gpi-101417-150x83.jpg 150w, https:\/\/cdn.postindependent.com\/wp-content\/uploads\/sites\/6\/2017\/10\/salestax-gpi-101417-325x181.jpg 325w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\"><\/div>\n<\/figure>\n<p class=\"STND-STND BodyText\">Receipts for sales tax and accommodations tax for the city of Glenwood Springs finished 2019 up between 4% and 5% each.<\/p>\n<p class=\"STND-STND BodyText\">Sales tax receipts finished the year 4.54% above 2018, with over $19.12 million collected. The increase was greater than the city had budgeted for. \u201cWe generally forecast a 2% increase. The economy was strong in 2019, and people were spending money,\u201d said Steve Boyd, the city\u2019s chief operating officer.<\/p>\n<p class=\"STND-STND BodyText\">The sectors with the largest percent gains compared to 2018 are apparel\/accessories at 34.71% and \u201call other\u201d at 57.93%. All other is \u201ca small category that captures businesses that don\u2019t fit squarely somewhere else. It is not a perfect science by any means; the categories should be looked at in very general terms because lots of stores could fit into more than one category and some not very well into any category,\u201d Boyd said. Boyd would not speculate on why these categories saw large increases.<\/p>\n<p class=\"STND-STND BodyText\">While the percent increase in these categories was large, all other is one of the smallest in dollars collected among the 15 categories at $223,622, bringing in more than only personal services at $54,148.<\/p>\n<div class=\"row\">\n<div class=\"col\">\n<div class=\"row gspi-donation gspi-donation-mobile p-0\">\n<div class=\"col-xl-4 p-2\">\n<div data-bg=\"url(https:\/\/cdn.postindependent.com\/wp-content\/uploads\/sites\/6\/2020\/03\/PI-logo-white.png)\" class=\"p-0 mt-2 mb-2 h-75 text-center rocket-lazyload\"><img decoding=\"async\" src=\"https:\/\/cdn.postindependent.com\/wp-content\/uploads\/sites\/6\/2020\/03\/PI-logo-white.png\" class=\"logo m-0 p-0 invisible\"><\/div>\n<\/div>\n<div data-bg=\"url(https:\/\/cdn.postindependent.com\/wp-content\/uploads\/sites\/6\/2020\/03\/pi-banner-paypal.jpg)\" class=\"col-xl-8 p-3 text-center rocket-lazyload\">\n<h3 class=\"d-inline mr-3\">Support Local Journalism<\/h3>\n<p><button class=\"btn d-inline\" type=\"button\"><a href=\"https:\/\/www.postindependent.com\/donate\/?utm_source=article&amp;utm_medium=website&amp;utm_campaign=donation&amp;utm_term=&amp;utm_content=mid-article\">Donate<\/a><\/button><\/div>\n<\/div>\n<p><\/div>\n<\/div>\n<p class=\"STND-STND BodyText\">No category saw a sales tax decrease over 3%, with three categories slightly in the negative (general merchandise stores, miscellaneous retail and business services).<\/p>\n<p class=\"STND-STND BodyText\">The sectors with the largest dollar gains were apparel\/accessories, riding its nearly 35% increase with $969,692 collected, $249,867 more than in 2018; building materials and supplies, collecting nearly $2.23 million \u2014 an increase of $191,746 from 2018; automotive\/service stations collecting nearly $2.23 million, an increase of $140,731 from 2018; and motel\/hotel, collecting nearly $2.03 million, an increase of $104,736 from 2018.<\/p>\n<p class=\"STND-STND BodyText\">Boyd attributed these gains to a \u201cstrong macroeconomic environment.\u201d<\/p>\n<p class=\"STND-STND BodyText\">The largest dollar decreases were much smaller numbers, with miscellaneous retail collecting $1,587,939, or $38,639 less than 2018; and general merchandise stores collecting over $2.91 million, or $36,113 less than 2018.<\/p>\n<p class=\"STND-STND BodyText\">Some numbers are more significant to Boyd than others. \u201cI look closely at the hotel\/motel category because it is an indication of the tourism economy; eating\/drinking because many of those dollars are disposable income; and general merchandise because it is a large category and tracks how things are going overall.\u201d<\/p>\n<p class=\"STND-STND BodyText\">General merchandise, despite its decreases, still brought in the most money among the 15 categories with slightly more than $2.9 million collected.<\/p>\n<p class=\"STND-STND BodyText\">Another on Boyd\u2019s watch list, eating\/drinking places, brought in the second most dollars at over $2.64 million which was $79,327 more than in 2018, a 3.09% increase.<\/p>\n<p class=\"STND-STND BodyText\">The roughly $2.3 million collected by both automotive\/service stations and building materials and supplies were the third and fourth most, respectively, followed closely by food stores at over $2.21 million.<\/p>\n<p class=\"STND-STND BodyText\">Motel\/hotel was the final category collecting more than $2 million.<\/p>\n<p class=\"STND-STND BodyText Subhead\">Accommodations tax<\/p>\n<p class=\"STND-STND BodyText\">Glenwood Springs\u2019 accommodations tax increased 4.39% as compared to 2018.<\/p>\n<p class=\"STND-STND BodyText\">\u201cThe forecast was 2% from last year\u2019s budget, so the actual year over year was slightly better than forecast,\u201d said Steve Boyd, the city\u2019s chief operating officer.<\/p>\n<p class=\"STND-STND BodyText\">Three months saw greater than 10% increases: January (18.34%), February (12.61%) and April (13.23%).<\/p>\n<p class=\"STND-STND BodyText\">Two months saw small declines, with June down 1.19%. July was down 0.05%, or basically flat, bringing in just $82 less than in 2018.<\/p>\n<p class=\"STND-STND BodyText\">Boyd was neutral about the large increases and modest declines. \u201cI wouldn\u2019t read too much into this. A month of tax receipts can be significantly impacted by an unusual event like a conference or someone filing an amended return to correct an error either in the current year or prior year,\u201d he said.<\/p>\n<p class=\"STND-STND BodyText\">The two months with the next largest increases were March (9.1%) and October (8.97%).<\/p>\n<p class=\"STND-STND BodyText\">May, September and December saw increases of less than 0.06%.<\/p>\n<p class=\"STND-STND BodyText\">August and November saw increases in the range of the yearly increase at 4.17% and 4.52%, respectively.<\/p>\n<p class=\"STND-STND BodyText\">Not surprisingly, the four months with the largest accommodations tax collections were June through September, all above $100,000. July, despite its slight decrease, collected the most with $169,291. The fifth highest month was March, the only other month to crack the century mark, with $110,226 collected.<\/p>\n<p class=\"STND-STND BodyText\">The similarity of the increases in sales tax and accommodations tax is not typical. \u201cAccommodations tax growth usually outpaces general sales tax. The two were more consistent in 2019 than normal, partly because our supply of hotels is strained at busy times, and partly because we have more short term rentals in the area that are not actually within Glenwood Springs that take some market share from out hotel\/motel population,\u201d Boyd said.<\/p>\n<p class=\"STND-STND BodyText Subhead\">A look ahead<\/p>\n<p class=\"STND-STND BodyText\">With Gov. Polis\u2019 statewide stay-at-home order due to COVID-19, the state\u2019s economy has been suffering, like economies all over the world. There\u2019s no telling how fast the recovery will be or how much it will affect Glenwood Springs.<\/p>\n<p class=\"STND-STND BodyText\">\u201cIt\u2019s too soon to tell. We are modeling several scenarios, the worst case being pretty severe. We are at the height of uncertainty right now, and more information is coming each day. Ask me again a month from now, and I think I\u2019ll be able to answer this,\u201d Boyd said.<\/p>\n<p><a href=\"https:\/\/www.postindependent.com\/news\/city-sales-accommodations-taxes-up-in-2019\/\" target=\"_blank\" rel=\"noopener noreferrer\">via:: Post Independent<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Receipts for sales tax and accommodations tax for the city of Glenwood Springs finished 2019 up between 4% and 5% each. Sales tax receipts finished the year 4.54% above 2018, with over $19.12 million collected. The increase was greater than the city had budgeted for. \u201cWe generally forecast a 2% increase. The economy was strong [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[160],"tags":[],"class_list":["post-1319473","post","type-post","status-publish","format-standard","category-local-news"],"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-09-04 02:19:29","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KSKE Ski Country","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/kske","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/posts\/1319473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/comments?post=1319473"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/posts\/1319473\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/media?parent=1319473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/categories?post=1319473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kske\/wp-json\/wp\/v2\/tags?post=1319473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}