HomeMy WebLinkAboutBocc Packet 12182013 County Sales Tax Revenue DistributionAGENDA ITEM SUMMARY
REGULAR MEETING DATE: December 18, 2013
AGENDA ITEM TITLE: First Reading - Resolution establishing the formula for distribution
of the municipal share of County Sales Tax revenue for the year
2014 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 2014 distribution of the 57% of revenue generated by the 2% County Sales tax will be as follows:
City of Aspen 75.4939%
Town of Snowmass 19.8302%
Town of Basalt 4.6759%
2014 2014
57% Allocation 100% Allocation
20% ■ Aspen
■Aspen
L 5% 3% 43% ■ Basalt
■ Basalt
■ Snowmass
75% ■ Snowmass
■Pitkin County
4V
11%
The 2% salestax allocation historically (estimated 2014 budget in italics with 5 years of actual collections):
Which equates to the following dollar amounts distributed to the municipalities:
Aspen
Snowmass
Snowmass
Basalt
Total 2%
Pitkin County
7,371,805
%
inc(decr)
%
inc(decr)
%
inc(decr)
1,454,334
2014
43.0315%
-1.2%
11.3032%
2.2%
2.6653%
13.7%
43.00%
2013
43.5986%
.01%
11.0578%
0.5%
2.3437%
-4.0%
43.00%
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%
Which equates to the following dollar amounts distributed to the municipalities:
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 2014.
Aspen
Snowmass
Basalt
Pitkin County
Total 2%
2014 Budget
7,371,805
1,936,373
456,589
7,366,404
17,131,171
2013 YTD (Jan -Sept)
5,734,137
1,454,334
308,246
5,655,395
13,152,112
2012
6,807,032
1,723,668
395,090
6,733,491
15,659,281
2011
6,551,871
1,678,328
442,513
6,542,572
15,215,285
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
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 2014.
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 2014 AS REQUIRED BY RESOLUTION 78-121
RESOLUTION 9 -2014
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, 2014 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 75.4939%
Town of Snowmass Village, Colorado 19.8302%
Town of Basalt, Colorado 4.6759%
BE IT FURTHER RESOLVED, that the above new percentage distribution shall apply only to
those sales tax revenues actually collected during 2014.
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
2013.
NOTICE OF PUBLIC HEARING AND TITLE AND SHORT SUMMARY OF THE
RESOLUTION PUBLISHED IN THE ASPEN TIMES WEEKLY ON THE DAY OF
2013.
NOTICE OF PUBLIC HEARING AND THE FULL TEXT OF THE RESOLUTION POSTED ON
THE OFFICIAL PITKIN COUNTY WEBSITE (www.aspenpitkin.com) ON THE DAY OF
2013.
ADOPTED AFTER FINAL READING AND PUBLIC HEARING ON THE DAY OF
2014.
PUBLISHED BY TITLE AND SHORT SUMMARY, AFTER ADOPTION, IN THE ASPEN
TIMES WEEKLY ON THE DAY OF
2014.
POSTED BY TITLE AND SHORT SUMMARY ON THE OFFICIAL PITKIN COUNTY
WEBSITE (www.aspengitkin.com) ON THE DAY OF 2014.
ATTEST:
Jeanette Jones
Deputy County Clerk
APPROVED AS TO FORM:
John Ely, County Attorney
BOARD OF COUNTY COMMISSIONERS
By
George Newman, Chairman
Date:
MANAGER APPROVAL:
Jon Peacock, County Manager