Winter Park’s October sales tax collections up sharply over last year
December 20, 2007
Sales tax revenues for town of Winter Park rose substantially in October compared with the previous year.
Finance Director Shawn Cordsen said sales tax collections for October increased by $16,500, a 12.73 percent increase over October 2006.
The town’s sales tax collections are also running solid for the year, Cordsen added, with a year-to-date increase of 6.5 percent above the previous year, or a gain of about $220,000.
For October 2007, the town’s general sales tax brought in roughly $132,000. The lodging sales tax brought in about $11,000, and the accommodation sales tax brought in about $2,000.
The downtown area saw a 0.32 percent increase over the same time last year for October, with sales tax revenues of $65,000.
The old town and ski area were up 33.57 percent, with revenue of $21,200.
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In-county collections were up 21.17 percent at $23,000.
Retail produced the biggest portion of revenue, with sales tax collections of $52,000. Retail collections were up 16.22 percent from October 2006.
Services and utilities were next in line with collections of $40,000, an increase of 26 percent.
Restaurants and bars collected $37,600 in sales taxes, an increase of 6.4 percent.
Lodging and accommodations had a collection of just under $14,000, an increase of 2.29 percent. However, by itself, accommodations was down 7.48 percent for the month compared to 2006.
Year-to-date figures show lodging and accommodations are down compared to last year. For the year, lodging is down 1.16 percent compared to that time last year, and accommodations is down 3.36 percent.