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Home My WebLink AboutBOCC Packet 12192012 County Sales Tax DistributionAGENDA ITEM SUMMARY REGULAR MEETING DATE: December 19, 2012 AGENDA ITEM TITLE: Second Reading -Resolution establishing the formula for distribution of the municipal share of County Sales Tax revenue for the year 2013 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 changing the allocation of the municipal distribution annually 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 2013 distribution of the 57% of revenue generated by the 2% County Sales tax will be as follows: City of Aspen Town of Snowmass Town of Basalt 1111111111111111111111111111111111111 76.4887% 19.3996% 4.1117% 2013 57% Allocation IIIIIIIIIIIIIIIIIIIIIIIIAspen in Basalt IIIIIIIIIII Snowmass 01 2013 100% Allocation 11% o/ The 2% salestax allocation historically (estimated 2013 budget in italics with 5 years of actual collections): Aspen Snowmass Basalt Pitkin County % inc(decr) % inc(decr) % inc(decr) 2013 43.5986% . 01 % 11.0578% 0.5% 2.3437% -4.0% 43.00% 2012 43.5 5 63 % 1.2% 11.0024% -0.3% 2.4413% -16.1% 43.00% 2011 43.0611% 0.3% 11.03 05 % -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: 2013 Budget 2012 YTD (Jan -Sept) 2011 2010 2009 2008 Aspen Snowmass Basalt Pitkin County Total 2 7,181, 548 1,814,072 402,521 7,089,825 16,487,965 5,3 50,234 1,3 51,479 299,877 5,281901 12,283,490 6,551,871 1,678,328 442,513 6,542,572 15,215,285 6,075,201 1,579,489 410,112 6,083,974 14,148,776 5,724,719 1,498,607 352,893 5,715,393 13,291,612 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% allocation and the Resolution establishing the formula for the distribution of the municipal share of County Sales tax Revenue for 2013. ATTACHMENT A REVISED PITKIN COUNTY MUNICIPAL SALES TAX BREAKDOWN Sales tax adjusted for comparison Actual sales tax collected in each municipality ASPEN BASALT SNOWMASS ASPEN BASALT SNOWMASS ADJ TO ADJ TO ADJ TO ACTUAL ACTUAL ACTUAL DATE 1% 1% 1% TOTAL 1% 2% 1% + VF Sep-11 364,103 33,612 52,904 450,619 364,103 67,224 54,728 Oct-11 213,558 22,967 24,506 261,031 213,558 45,934 25,351 Nov-11 225,109 25,929 34,623 285,661 225,109 51,858 35,817 Dec-11 775,200 31,905 198,654 1,005,759 775,200 63,810 205,503 Jan-12 649,305 20,879 276,167 946,351 649,305 41,759 285,689 Feb-12 551,711 23,508 240,945 816,164 551,711 47,016 249,253 Mar-12 621,593 21,741 238,096 881,430 621,593 43,482 246,305 Apr-12 209,383 22,670 51,782 283,835 209,383 45,340 53,567 May-12 189,534 25,507 23,739 238,780 189,534 51,015 24,558 Jun-12 437,673 27,236 51,150 516,059 437,673 54,471 52,914 Jul-12 567,053 38,116 70,170 675,339 567,053 76,232 72,589 Aug-12 486,781 34,758 69,195 590,734 486,781 69,516 71,581 ASPEN BASALT SNOWMASS ASPEN BASALT SNOWMASS ADJ TO ADJ TO ADJ TO ACTUAL ACTUAL ACTUAL DATE 1% 1% 1% TOTAL 1% 2% 1% + VF Sep-10 332,573 20,644 41,931 395,148 332,573 61,931 43,376 Oct-10 190,354 17,886 20,699 228,939 190,354 53,657 21,413 Nov-10 205,553 19,176 26,751 251,480 205,553 57,528 27,673 Dec-10 679,708 18,962 190,936 889,606 679,708 56,886 197,519 Jan-11 582,241 13,847 241,165 837,253 582,241 41,540 249,481 Feb-11 517,603 16,652 205,013 739,268 517,603 49,956 212,082 Mar-11 583,726 12,958 266,281 862,965 583,726 38,873 275,462 Apr-11 211,230 15,107 43,936 270,273 211,230 45,322 45,451 May-11 166,108 14,132 23,968 204,208 166,108 42,396 24,794 Jun-11 368,935 19,113 46,424 434,472 368,935 57,339 48,025 J u l-11 539,932 26,606 68,991 635,529 539,932 79,818 71,370 Aug-11 465,061 20,849 62,232 548,142 465,061 62,548 64,378 Sep 10- 10,134, 027 544,760 2,570,258 13, 249, 045 Aug 12 (24 months) % of total 76.4887% 4.1117% 19.3996% 100.0000% 2012 % of 57% 43.5986% 2.3437% 11.0578% 57.0000% 2013 G:\sales tax\muni\2013\Municipal Sales Tax o's for 2013.xls 2012 Sales Tax o's 11/27/2012 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 2013 AS REQUIRED BY RESOLUTION 78-121 RESOLUTION # -2012 RECITALS 1. The Board of County Commissi oners, by its Resolution No. 78-121 did submit to the electorate an initiative establishing a m ethod of distribution of the proceeds from County- wide sales tax a mong municipalities with Pitkin County, and 2. The method, as approved by the elect orate on November 7, 1978 resery es 43% of the revenues for the County, and allocates th e remaining 57% to the municipa lities 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 Res olution 78-121 and wishes to make its findings of record as per attached Addendum A. NOW, THEREFORE, BE IT RESOLVED by the Boar d of County Commissioners of Pitki n County, Colorado, that, effective January 1, 2013 the 57% m unicipal share of County sale s tax proceeds allocated to municipalities within Pitkin County shall be distributed i n the following percentages: City of Aspen, Colorado Town of Snowmass Village, Colorado Town of Basalt, Colorado 76.4887% 19.3996% 4.1117% BE IT FURTHER RESO LVED, that the above new percentage distribution shall a pply only to those sales tax revenues actually collected during 2013. 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 THE DAY OF 2012. NOTICE OF PUBLIC HEARING AND TITLE AND SHORT SUMMARY OF THE RESOLUTION PUBLISHED IN THE ASPEN TIMES WEEKLY ON THE DAY OF 2012. NOTICE OF PUBLIC HEARING AND THE FULL TEXT OF THE RESOLUTION POSTED ON THE OFFICIAL PITKIN COUNTY WEBSITE (www.as. *n.itkin,c,rn) ON THE DAY OF 2012. ADOPTED AFTER FINAL READING AND PUBLIC HEARING ON THE DAY OF 2012. PUBLISHED BY TITLE AND SHORT SUMMARY, AFTER ADOPTION, IN THE ASPEN TIMES WEEKLY ON THE DAY OF 2012. ATTEST: BOARD OF COUNTY COMMISSIONERS Jeanette Jones Michael Deputy County Clerk By M. Owsley, Chairman Date: APPROVED AS TO FORM: MANAGER APPROVAL: John Ely, County Attorney Jon Peacock, County Manager