Steamboat’s half-cent sales tax forecast: $3.3M

December 21, 2016 By Steamboat Education Fund

By Teresa Ristow

Steamboat Springs — Steamboat Springs School District administrators are putting the finishing touches on their 2017 grant requests for Education Fund dollars.

December forecasts from the Education Fund Board predict the city’s half-cent sales tax will generate about $3.3 million for the upcoming year’s grant cycle, with money shared between the Steamboat, Hayden and South Routt school districts, community groups and innovation grants.

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The Steamboat Springs Education Fund (SSEF) is a nonprofit, independent corporation that administers the proceeds of the half-cent sales tax—five cents on a $10 purchase. The half-cent city sales tax was originally approved by Steamboat voters in 1993 to fund “public K-12 educational purposes.” The tax was extended by voter approval in three subsequent elections. In 2009, voters extended the tax and expanded the purpose to share a portion of the proceeds of the tax with other Routt County public schools. Since 1993, more than $81.5M has been granted directly for public K-12 education in Routt County.