{"id":24740,"date":"2019-06-03T17:12:00","date_gmt":"2019-06-03T23:12:00","guid":{"rendered":"https:\/\/www.summitdaily.com\/news\/breckenridges-in-town-retailers-have-grown-sales-more-than-12-over-two-years\/"},"modified":"2019-06-03T17:12:00","modified_gmt":"2019-06-03T23:12:00","slug":"breckenridges-in-town-retailers-have-grown-sales-more-than-12-over-two-years","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kift\/local-news\/breckenridges-in-town-retailers-have-grown-sales-more-than-12-over-two-years\/","title":{"rendered":"Breckenridge\u2019s in-town retailers have grown sales more than 12% over two years"},"content":{"rendered":"
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Hearing that Breckenridge retailers weren\u2019t seeing the same growth rates described in the town\u2019s monthly sales tax reports, Breckenridge has begun separating the in-town and out-of-town businesses.<\/p>\n

In doing so, town staff found that Breckenridge\u2019s in-town retailers \u2014 businesses that have an actual brick-and-mortar presence inside Breckenridge town limits \u2014 saw their sales increase 12.58% throughout 2018 compared with 2016.<\/p>\n

While in-town businesses are showing expanded sales, the growth rate wasn\u2019t as dramatic as it was for the out-of-town businesses \u2014 companies that deliver or have a sales presence in town but are not physically located here \u2014 as they saw their estimated taxable sales jump by 31.08% over the two-year timeframe.<\/p>\n

Comparing dollar figures, however, it\u2019s clear Breckenridge\u2019s in-town businesses do far more volume than the out-of-town ones with in-town businesses logging more than $45 million in sales through the first three months of 2019 opposed to $17 million for out-of-town retailers.<\/p>\n

Overall, Breckenridge\u2019s estimated taxable sales were up 1.39% in March compared with the same month last year, and Breckenridge collections are trending 3.78% ahead in a year-to-date comparison through the first three months of 2019.<\/p>\n

In March, Breckenridge was buoyed by gains in short-term lodging (3.86%) and the grocery and liquor (2.07%) categories.<\/p>\n

The town\u2019s sales tax growth in March wasn\u2019t as high as it\u2019s been in some of the more recent months, but Breckenridge continues to see expanding sales, much like other towns in Summit County.<\/p>\n

Fast times in Frisco<\/p>\n

March was the most recent month for which the town\u2019s sales tax reports are available, and it was another great month for Frisco, which recorded a robust spike with taxable sales up 5.01% compared with March 2018 and put Firsco up 6.21% year to date for the highest growth rate among the county\u2019s four largest towns.<\/p>\n

Overall, 13 of Frisco\u2019s 17 taxable categories are up year to date, and March\u2019s most significant jumps in actual dollars showed up in Frisco\u2019s home improvement (22.77%), vacation rentals (17.64%), general retail (5.04%), and restaurants and bars (5%) categories.<\/p>\n

Revenue specialist Chad Most noted that Frisco\u2019s vacation rentals, restaurants and general retail categories have been \u201cincredibly strong and consistent\u201d throughout the second half of the winter season, which he and other local financial experts have attributed in large part to this winter\u2019s abundant snowfall.<\/p>\n

\u201cSkiing and riding conditions, as compared to the last winter season, have been the most significant factor, though the 10-year high tide of a strong economy continues to float all boats,\u201d he said.<\/p>\n

Smaller growth rates appeared in Frisco\u2019s hotels and inns, grocery, arts and crafts, clothing, liquor, office, health and beauty, recreation and utility categories. The biggest decline came with home furnishings, which can be at the mercy of unpredictable high-dollar purchases that cause greater fluctuations than the town\u2019s other categories, Most said.<\/p>\n

Dillon back in black<\/p>\n

Compared with March 2018, Dillon was up 4.29% for the month, making it the first month this year that Dillon has seen expanding sales taxes. In fact, the month was strong enough to put Dillon up 0.14% year to date despite earlier declines this year.<\/p>\n

As previously reported, Dillon had double-digit growth rates throughout the beginning of 2018.<\/p>\n

While the town hasn\u2019t gone past those figures for 2019, Dillon has held steady throughout the first three months of the year, showing that last year\u2019s rapid growth at the onset of 2018 wasn\u2019t a fluke.<\/p>\n

Silverthorne holds steady<\/p>\n

While Breckenridge, Dillon and Frisco all recorded sales tax growth throughout the month of March, Silverthorne remained largely flat for the month following a 5.67% decline in February.<\/p>\n

In March, Silverthorne\u2019s sales are 0.43% behind where they were through the first three months of last year.<\/p>\n

The food and liquor category led the way in Silverthorne for March, posting 16.54% month-over-month growth and the highest jump in actual dollars over any other category. Meanwhile, Silverthorne\u2019s outlets (-14.87%) and auto (-6.99%) categories saw the only declines for the month of March.<\/p>\n

Year to date, Silverthorne\u2019s auto (-2.25%), consumer retail (-0.78%), outlets (-7.42%) and service (-39.69%) categories are trending behind 2018. Still, strong growth in the building retail (8.21%), food and liquor (15.29%), and lodging (18.06%) categories has kept the town\u2019s overall sales tax receipts steady through the first three months of 2019.<\/p>\n

Explaining the dramatic drop in the service sector, Silverthorne Revenue Administrator Jackie Balyeat explained there was a one-time $110,000 payment in 2018 that skewed the numbers this year.<\/p>\n

\u201cIt\u2019s just that aberration that kind of threw us,\u201d she said, adding that without that payment figured into the equation, the category would actually be up about 18.3%.<\/p>\n

Overall, Balyeat said that net taxable sales across Silverthorne are \u201cfairly comparable\u201d to last year and that the categories that have shown increases have done so largely as a result of favorable winter conditions.<\/p>\n

via:: Summit Daily<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hearing that Breckenridge retailers weren\u2019t seeing the same growth rates described in the town\u2019s monthly sales tax reports, Breckenridge has begun separating the in-town and out-of-town businesses. In doing so, town staff found that Breckenridge\u2019s in-town retailers \u2014 businesses that have an actual brick-and-mortar presence inside Breckenridge town limits \u2014 saw their sales increase 12.58% […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[97],"tags":[],"class_list":{"0":"post-24740","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-local-news"},"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-06-11 11:33:36","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KIFT - The LIFT FM","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/kift","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/posts\/24740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/comments?post=24740"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/posts\/24740\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/media?parent=24740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/categories?post=24740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kift\/wp-json\/wp\/v2\/tags?post=24740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}