{"id":793420,"date":"2019-02-25T16:40:00","date_gmt":"2019-02-25T23:40:00","guid":{"rendered":"https:\/\/www.summitdaily.com\/news\/expanding-sales-tax-receips-set-records-across-summit-county-in-2018\/"},"modified":"2019-02-26T10:55:27","modified_gmt":"2019-02-26T17:55:27","slug":"expanding-sales-tax-receips-set-records-across-summit-county-in-2018","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/ksmt\/local-news\/expanding-sales-tax-receips-set-records-across-summit-county-in-2018\/","title":{"rendered":"Expanding sales tax receips set records across Summit County in 2018"},"content":{"rendered":"
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For the fifth year running, Frisco has posted record-setting sales tax revenue.<\/p>\n

But the Summit County town isn\u2019t in a league of its own here, as consistently rising sales revenues have been recorded not just in Frisco, but across the county in Breckenridge, Silverthorne and Dillon, as well.<\/p>\n

In fact, Breckenridge has seen rising sales tax revenue going back to at least to 2015, when the town had over $494 million in gross taxable sales. Jumping anywhere from $20 million to $50 million a year every year since then, Breckenridge\u2019s total taxable sales topped $612 million in 2018 based on the town\u2019s latest financial report.<\/p>\n

The report notes that December was another strong month for Breckenridge with estimated sales tax revenue ringing up 5.36 percent ahead of the same month last year. Closing out the year, taxable sales in Breckenridge were 8.49 percent \u2014 or over $47 million \u2014 ahead of 2017.<\/p>\n

After a disappointing November \u2014 one of only two months in 2018 that the town saw a decline \u2014 Silverthorne\u2019s sales tax revenues rebounded in December with a 4.4 percent increase over December 2017.<\/p>\n

Sales tax returns and payments for the year will continue to trickle in, according to the town\u2019s financial officials, who expect to issue a finalized report for 2018 in March. Still, Silverthorne\u2019s preliminary sales tax revenues show the town\u2019s up 4.46 percent over 2017.<\/p>\n

Boosted by traffic from the ice castles last winter, Dillon began 2018 on a tear with double-digit growth throughout the first three months of the year before the blockbuster growth rates returned to more reasonable levels in the spring and summer months.<\/p>\n

With all 12 months now reported, Dillon ended 2018 with 4.13 percent month-over-month growth in December to finish out the year 8.65 percent ahead of 2017\u2019s sales tax revenues.<\/p>\n

In Frisco, December\u2019s sales tax receipts exceeded most everyone\u2019s expectations with 9.35 percent growth over December 2017, which boosted the town\u2019s sales tax revenues for all of 2018 to 6.74 percent higher than they were the year before.<\/p>\n

Frisco revenue specialist Chad Most attributed some of that growth to \u201cadvantageous skiing and riding conditions, especially as compared to late 2017,\u201d but sales tax revenues have been growing since the nation emerged from the Great Recession.<\/p>\n

And expanding sales do not come without some challenges, including the responsible management of such growth, the exacerbation of affordable housing issues, infrastructure concerns and changes to community character, among others, Most said.<\/p>\n

\u201cComplacency may also be a side effect of almost a decade of uninterrupted increases in commercial activity,\u201d he warned. \u201cThough staff remains bullish on the short-term Frisco economy, downside risks are in the forefront of our minds as we plan for the mid- and long-terms.\u201d<\/p>\n

Those risks could include having an economy operating at or near capacity or growing volatility in politics, the climate or stock markets. Typical economic cyclicality presents another reason that Most hesitates to project the same levels of growth to continue too far into the future.<\/p>\n

\u201cNone of which is to say we shouldn\u2019t be incredibly encouraged by the strides our business community has made in recent years, with the support of forward-looking infrastructure and marketing improvement efforts undertaken by the town,\u201d Most said. However, as a nod to caution, he also recalled that Frisco\u2019s sales tax revenues declined by almost $1 million between 2007 and 2009.<\/p>\n

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

For the fifth year running, Frisco has posted record-setting sales tax revenue. But the Summit County town isn\u2019t in a league of its own here, as consistently rising sales revenues have been recorded not just in Frisco, but across the county in Breckenridge, Silverthorne and Dillon, as well. In fact, Breckenridge has seen rising sales […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[99],"tags":[],"class_list":{"0":"post-793420","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-local-news"},"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-06-13 20:25:20","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":"KSMT The Mountain","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/ksmt","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/posts\/793420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/comments?post=793420"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/posts\/793420\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/media?parent=793420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/categories?post=793420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/tags?post=793420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}