STEAMBOAT SPRINGS – — After a rocky start to the year, sales tax revenue in Hayden is moving back toward normalcy.
Finance Director Lisa Dowling reported Tuesday that the town has posted $414,993 in sales taxes this fiscal year, a 2.5 percent decline compared with revenue collected during the same period last year.
“We budgeted flat from 2011, and the first couple of months kind of scared us a little bit because we weren’t going to make that,” Dowling said. “We were watchful because sales tax revenue is Hayden’s biggest revenue source, but we haven’t hit the panic button yet.”
In the five months of collections the town has counted in its 2012 revenue — the town counts November and December 2011 collections in 2012 revenue — Hayden has seen sizable increases and decreases each month. In February, the town saw a nearly 24 percent gain in revenue compared with February 2011. It then collected $96,962 in March, which is a nearly 10 percent decline from the $107,606 the town collected in March 2011.
Sales taxes in Hayden are collected two months before they are recorded as revenue, meaning March’s collections are the latest revenues the town can report.
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