Grand County sales, lodging tax up in early 2015
April 16, 2015
Grand County sales and lodging tax data from January and February show a continued upward trend from years past.
Sales tax collections reached $314,283 in January, the second highest collection in Grand County history behind 2008.
In February, the county set a sales tax record for the month with $334,118, far exceeding the previous record of $290,704 in 2007.
Lodging tax collections were also up, with year-to-date collections at $118,016, or approximately 13 percent higher than the same time last year.
The county had a record year for lodging tax collections in 2014, though sales tax collections were still slightly below pre-recession levels.
County Finance Director Scott Berger previously told the Sky-Hi News that sales tax revenues and the local economy in general rely on a real estate market that's been slower to return than nearby markets in Denver and surrounding areas including Summit, Eagle and Routt counties.
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However, the interrelatedness of these markets suggest that the pace of recovery for Grand County's real estate market should increase in the near future, Berger said.