Grand County sales, lodging tax up in early 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.
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.
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