By Tommy Davis
Any local in Steamboat Springs knows that our town’s economy is reliant on tourism, but the real question here is how much does the amount of snow that we get during winter affect our economy’s success?
One would hope to find that the amount of snow that the town of Steamboat Springs receives during the winter has a direct correlation with the economy’s health.
The research, however, suggests otherwise. In comparing the total amount of annual sales tax against the total amount of annual snowfall one can find that the amount of snowfall has little to no correlation with the economy.
The year in which the highest amount of sales taxes were collected was 2016 with a total amount of $23,380,341. The total amount of snowfall for 2016 was 335 inches, about 20 inches below average for the past ten years. The year with the lowest amount of sales tax was 2010, with a total of $16,612,266 also had a slightly below average amount of snowfall with a total of 311 inches. This sudden drop in sales tax may be caused by the recession after the 2008 election. If we look at the statistics from December, one of the busiest months of the ski season, we should ideally see a correlation between the amount of snow and the collected sales tax, however looking at the data we can see that, like the annual sales tax and snow, the amount of snow during December has no effect on the sales tax.
From the research conducted one can conclude that the amount of snowfall has little to no effect on our town’s economy. So the next time you look outside in late December and see no snow, don’t panic. The town’s economy should do just fine thanks to Summer tourism.
|Year||December Sales tax||Total December Snowfall in inches||Total Annual Sales Tax||Total Annual Snowfall|
|2016||$3,058,065||101 in.||$23,380,341||335 in.|
|2015||$2,991,811||105 in.||$21,873,689||223 in.|
|2014||$2,745,001||57 in.||$20,619,523||272 in.|
|2013||$2,503,947||62 in.||$18,898,046||308 in.|
|2012||$2,235,168||139 in.||$17,617,674||321 in.|
|2011||$2,340,374||30 in.||$17,388,015||286 in.|
|2010||$2,231,190||72 in.||$16,612,266||311 in.|
|2009||$2,130,350||45 in.||$16,710,291||289 in.|
|2008||$2,353,783||100 in.||$19,903,762||405 in.|
|2007||$2,558,940||126 in.||$19,744,829||489 in.|
|2006||$2,378,514||49 in.||$18,184,375||313 in.|