Town sales tax receipts have rebounded over a potential flat income year that appeared to be on tap for 2025 when first quarter collections were tallied.
Instead, April receipts came in 15.43% higher than those received one year ago, pushing year-to-date sales tax collections up 4.88% over 2024, advancing over the 0.71% year-to-date collections seen through March.
Those preliminary results were reported this week by Sharla Beesley, the Town’s grant coordinator who compiles the information for Estes Park’s finance department. The Town received the revenue from the Colorado Department of Revenue on June 8.
April 2025 sales tax collections were $1,433,505.38 compared to collections of $1,241,870.61 in 2024 and represent the amount of money reserved for general fund use, or 4% of the total 5% collected. The additional 1% of taxes collected, as approved by Estes Park voters, is dedicated to streets, trails expansion and emergency response. General fund revenues include those derived from businesses classified as lodging, construction, professional, utilities, recreation, automotive, restaurants, groceries and retail.
Revenues from April are subject to revision, depending on an analysis that will show what impact, if any, delinquencies in submitting tax payments may have on the sales tax remitted from the State. A forthcoming report will provide more definitive data.