HomeMy WebLinkAboutBOCC Packet 12212011 Municipal Sales Tax
AGENDA ITEM SUMMARY
REGULAR MEETING DATE:
December 21, 2011
AGENDA ITEM TITLE
: First Reading - Resolution establishing the formula for distribution
of the municipal share of County Sales Tax revenue for the year
2012 as required by resolution 78-121
STAFF RESPONSIBLE:
John Redmond and Susan Atwood
ISSUE STATEMENT
: The County is required to annually change the distribution of the 2% County
wide sales tax that is shared with the local municipalities, pursuant to methodology outlined in resolution
78-121.
BACKGROUND:
Resolution 78-121 established that 57% of the 2% County Sales Tax would be
distributed to municipalities within the County, based on the percentage of city sales tax collected within
each jurisdiction during a rolling two-year period from September through August. The County's portion of
the 2% sales tax remains at 43%. The distribution of the 1.5% sales tax to support transit activities is not
affected, nor is the 0.1% sales tax for the Healthy Rivers & Streams fund. The sharing of the sales tax with
municipalities was negotiated in 1978, and annually changing the allocation of the municipal distribution
is mandatory.
LINK TO STRATEGIC PLAN
: By sharing the sales tax, the county exhibits its regional partnerships
with local municipalities. Revenues from sales tax support general operations to provide fiscal
sustainability.
KEY DISCUSSION ITEMS:
The 2012 distribution of the 57% of revenue generated by the 2% County Sales tax will be as follows:
City of Aspen 76.4146%
Town of Snowmass 19.3025%
Town of Basalt 4.2829%
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Historically the 2% salestax has been allocated by:
Aspen Snowmass Basalt Pitkin County
% % %
inc(decr)inc(decr)inc(decr)
2012 43.5563% 1.2% 11.0024%-0.3%2.4413% -16.1% 43.00%
2011 43.0611% 0.3% 11.0305%-1.2%2.9084% 0.3% 43.00%
2010 42.9380% -0.3% 11.1634%-1.0%2.8986% 9.2% 43.00%
2009 43.0702% -1.5% 11.2748%0.5%2.6550% 29.8% 43.00%
2008 43.7321% -1.5% 11.2228%2.5%2.0451% 23.8% 43.00%
Which equates to the following dollar amounts distributed to the municipalities:
Aspen Snowmass Basalt Pitkin County Total 2%
2012 Budget
6,537,380 1,651,354 366,410 6,453,880 15,009,024
2011 YTD (Jan-Oct)
5,313,365 1,361,072 358,864 5,305,824 12,339,125
2010
6,075,201 1,579,489 410,112 6,083,974 14,148,776
2009
5,724,719 1,498,607 352,893 5,715,393 13,291,612
2008
7,035,890 1,805,599 329,033 6,918,113 16,088,635
Copies of the proposed resolution have been sent to the above municipalities and they have not notified
us of any changes.
BUDGETARY IMPACT:
None – the County’s share of the 2% sales tax distribution remains at
43% of the total collections.
RECOMMENDED BOCC ACTION:
Adopt the resolution as part of the consent agenda.
ATTACHMENTS:
Attachement A showing the calculation of the 57% allocationand the
Resolution establishing the formula for the distribution of the municipal share of County Sales tax
Revenue for 2012.
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TTACHMENT
AA
REVISED
PITKIN COUNTY
MUNICIPAL SALES TAX BREAKDOWN
Sales taActual sales tax collected
x
adjusted for comparisonin each municipality
ASPENBASALTSNOWMASSASPENBASALTSNOWMASS
ADJ FORADJ FORADJ FORACTUALACTUALACTUAL
DATE1%1%VF & 1%TOTAL1%2%1%
Sep-09317,30423,03740,010380,351317,30446,07441,389
Oct-09200,38026,76622,098249,244200,38053,53222,860
Nov-09185,01824,42527,600237,043185,01848,84928,552
Dec-09640,33734,295167,530842,162640,33768,590173,306
Jan-10590,44928,770222,123841,342590,44957,540229,782
Feb-10490,64422,551216,911730,106490,64445,101224,390
Mar-10543,96221,544210,393775,899543,96243,087217,647
Apr-10202,10621,46259,896283,464202,10642,92361,961
May-10157,82321,49121,372200,686157,82342,98222,109
Jun-10338,79226,14037,874402,806338,79252,28039,180
Jul-10497,66233,50261,597592,761497,66267,00463,721
Aug-10418,71928,41055,349502,478418,71956,81957,257
_________________________________________________________________________________________________
__
ASPENBASALTSNOWMASSASPENBASALTSNOWMASS
ADJ FORADJ FORADJ FORACTUALACTUALACTUAL
DATE1%1%VF & 1%TOTAL1%3%1%
Sep-10332,57320,64441,931395,148332,57361,93143,376
Oct-10190,35417,88620,699228,939190,35453,65721,413
Nov-10205,55319,17626,751251,480205,55357,52827,673
Dec-10679,70818,962190,936889,606679,70856,886197,519
Jan-11582,24113,847241,165837,253582,24141,540249,481
Feb-11517,60316,652205,013739,268517,60349,956212,082
Mar-11583,72612,958266,281862,965583,72638,873275,462
Apr-11211,23015,10743,936270,273211,23045,32245,451
May-11166,10814,13223,968204,208166,10842,39624,794
Jun-11368,93519,11346,424434,472368,93557,33948,025
Jul-11539,93226,60668,991635,529539,93279,81871,370
Aug-11465,06120,84962,232548,142465,06162,54864,378
_________________________________________________________________________________________________
__
Sep 09-9,426,220528,3252,381,08012,335,625
Aug-11
(24 months)
76.4146%4.2829%19.3025%
100.0000%2012
57% 43.5563%2.4413%11.0024%57.0000%2012
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RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF PITKIN
COUNTY, COLORADO, ESTABLISHING THE FORMULA FOR THE DISTRI-
BUTION OF THE MUNICIPAL SHARE OF COUNTY SALES TAX REVENUE
FOR THE YEAR 2012 AS REQUIRED BY RESOLUTION 78-121
RESOLUTION # ______________-2012
RECITALS
1. The Board of County Commissioners, by its Resolution No. 78-121 did submit to the electorate
an initiative establishing a method of distribution of the proceeds from County-wide sales tax among
municipalities with Pitkin County, and
2. The method, as approved by the electorate on November 7, 1978 reserves 43% of the revenues
for the County, and allocates the remaining 57% to the municipalities according to the amount of
County sales tax collected within their jurisdictions, and
3. The Board has calculated the share of the various municipalities in accordance with the
methodology required by Resolution 78-121 and wishes to make its findings of record as per attached
Addendum A.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Pitkin
County, Colorado, that, effective January 1, 2011 the 57% municipal share of County sales tax proceeds
allocated to municipalities within Pitkin County shall be distributed in the following percentages:
City of Aspen, Colorado 76.4146%
Town of Snowmass Village, Colorado 19.3025%
Town of Basalt, Colorado 4.2829%
BE IT FURTHER RESOLVED, that the above new percentage distribution shall apply only to
those sales tax revenues actually collected during 2012.
BE IT FURTHER RESOLVED, that the Colorado Department of Revenue, Sales Tax Division, be
notified of the action herein taken.
INTRODUCED, FIRST READ AND SET FOR PUBLIC HEARING ON ___ _______________
AND SET FOR PUBLIC HEARING ON THE ___ DAY OF____________.
NOTICE OF PUBLIC HEARING PUBLISHED IN THE ASPEN TIMES WEEKLY ON THE
_______DAY OF ____________.
ADOPTED AFTER SECOND READING AND PUBLIC HEARING ON _______________.
PUBLISHED BY TITLE AND SHORT SUMMARY, AFTER ADOPTION, IN THE ASPEN
TIMES WEEKLY ON THE ___________ DAY OF _________, 2012.
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ATTEST: BOARD OF COUNTY COMMISSIONERS
OF PITKIN COUNTY, COLORADO
___________________________ By_________________________
Jeanette Jones Michael Owsley, Chair
Deputy Clerk & Recorder
Date: ______________________
APPROVED AS TO FORM: MANAGER APPROVAL:
___________________________ _______________________________
John Ely, County Attorney Jon Peacock, County Manager
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