October sales tax up 6 percent

Sales tax revenue for the city of Aspen was up 6 percent in October over last year, signaling that economic conditions continue to improve, according to a report released by City Hall on Tuesday.

Retail sales by industry also are up 6 percent for the month over 2010, according to the city’s consumption tax report. Construction had the largest dollar increase in October. Construction, sports equipment and clothing, automobile and miscellaneous all had double digit percentage increases in October. Accommodations sales tax collections were down while lodging tax collections were up.

Aspen’s portion of Pitkin County’s sales tax through September 2011 is up 7 percent from 2010.

The year-to-date housing real estate transfer tax collections through November 2011 are down 13 percent from 2010. The year-to-date Wheeler real estate transfer tax collections through November 2011 are down 12 percent compared to 2010. Wide fluctuations in real estate transfer taxes are normal, according to city officials.

October year to date retail sales

Category
YTD retail sales
% change prior year

Accommodations
$102,951,848
1%

Restaurants and bars
$77,435,050
6%

Sports equipment, clothing
$31,417,783
12%

Clothing
$32,088,079
9%

Food and drug
$37,542,821
(1%)

Liquor
$6,573,815
4%

General retail
$13,565,977
1%

Construction
$25,787,730
36%

Luxury goods
$19,266,249
15%

Utilities
$30,555,989
(3%)

Automobile
$11,267,780
8%

Miscellaneous
$13,472,552
23%

Total
$401,925,673
6%

October monthly retail sales

Category
Monthly retail sales
% change prior year

Accommodations
$2,947,853
(6%)

Restaurants and bars
$3,470,620
(6%)

Sports equipment, clothing
$1,044,889
14%

Clothing
$1,565,707
10%

Food and drug
$2,785,159
(1%)

Liquor
$397,767
2%

General retail
$800,762
4%

Construction
$2,849,121
49%

Luxury goods
$637,612
6%

Utilities
$2,461,634
6%

Automobile
$1,065,186
17%

Miscellaneous
$946,149
15%

Total
$20,972,457
6%

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