{"id":794398,"date":"2019-04-01T17:36:00","date_gmt":"2019-04-01T23:36:00","guid":{"rendered":"https:\/\/www.summitdaily.com\/news\/summit-countys-expanding-sales-tax-revenues-carry-over-into-2019\/"},"modified":"2019-04-01T17:36:00","modified_gmt":"2019-04-01T23:36:00","slug":"summit-countys-expanding-sales-tax-revenues-carry-over-into-2019","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/ksmt\/local-news\/summit-countys-expanding-sales-tax-revenues-carry-over-into-2019\/","title":{"rendered":"Summit County\u2019s expanding sales tax revenues carry over into 2019"},"content":{"rendered":"
One of the sculptures is shown during the International Snow Sculpture Championships on Jan. 25 at the RIverwalk Center in Breckenridge. The sculptures were one January event that brought tourists into town, as the month produced swelling sales tax revenues in Breckenridge and Frisco compared to January 2018.<\/strong>
Hugh Carey \/ hcarey@summitdaily.com<\/figcaption><\/figure>\n

Whether it\u2019s at the grocery stores, inside restaurants and caf\u00e9s, or with local lodging accommodations, cash registers are ringing up across Summit County.<\/p>\n

Even though the snow is starting to melt away, this winter\u2019s sales tax receipts are only beginning to pile up. January is the most recent month for which the towns\u2019 regular reports are available in Summit County, and collectively they show the record-setting sales tax revenues from 2018 have largely carried over into the beginning of this year.<\/p>\n

\u201cYeah, we\u2019ve had a great winter,\u201d said Bonnie Lehman, manager at the Arapahoe Caf\u00e9 & Pub in Dillon.<\/p>\n

Hearing about expanding sales volumes across the county, Lehman didn\u2019t sound too surprised when she said she thinks this winter\u2019s record-setting snowfall, along with the return of the Dillon Ice Castles, might have something to do with all the added traffic the caf\u00e9 and other local businesses have been seeing this year.<\/p>\n

In fact, January brought a whopping 9.79% spike in Frisco\u2019s estimated sale tax revenue with 13 of the town\u2019s 17 taxable categories showing growth over the same month last year.<\/p>\n

Seeing the potential for an economic downturn, Frisco\u2019s financial experts are being guardedly optimist with their long-term forecasts. However, they remain \u201cbullish\u201d on the short-term economic outlook and fully expect Frisco\u2019s sales taxes to meet or exceed budgeted revenues by the year\u2019s end.<\/p>\n

Describing what\u2019s driving the growth, Frisco revenue specialist Chad Most said a strong real estate and redevelopment market has fueled the town\u2019s home improvement sector, which saw sales climb over 106% in January compared to the same month last year.<\/p>\n

Meanwhile, Frisco\u2019s lodging properties, retail outlets, grocery stores and restaurants have all benefited from heavy snowfall this winter, Most added. It\u2019s more a result of the tourists seeking fresh powder than snow, but after last year\u2019s lackluster winter, most taxable categories have been doing quite well this winter.<\/p>\n

In Frisco, the town\u2019s most impactful sectors \u2014 restaurants, lodging, grocery and general retail \u2014 were all up by 6% or more over January 2018, but that growth is not unique to Frisco.<\/p>\n

In Breckenridge, January\u2019s sales tax growth was less dramatic, but the month still produced swelling sales for the Summit County seat, which finished January 3.36% ahead of January 2018.<\/p>\n

Breckenridge\u2019s director of finance, Brain Waldes, explained that the town\u2019s rapid growth rate might be starting to wane compared to the last few years, but the expanding sales tax revenue continues to show up on the town\u2019s monthly reports, nonetheless.<\/p>\n

\u201cWe are still experiencing some of the revenue growth we have been the last few years \u2014 maybe not as robust when you look at the net taxable sales report \u2014 but it\u2019s still a really strong report,\u201d he said of January\u2019s numbers.<\/p>\n

The largest percentage decline in any individual category for Breckenridge came in grocery and liquor sales. Waldes called the 17.88% drop an \u201coutlier\u201d as he attributed it to exceptionally strong sales for the category in January 2018. Compared to January 2016 and January 2017, Waldes said, the sector is still showing a rising sale volume.<\/p>\n

But January\u2019s growth wasn\u2019t universal across the county. Like Breckenridge\u2019s grocery stores, Dillon\u2019s overall sales tax collections were somewhat hampered by incredibly robust figures from January 2018, in which the town experienced a wild 31.11% growth rate over January 2017. As a result, this January\u2019s taxable sales in Dillon actually fell 2.05% compared to last year.<\/p>\n

Much of Dillon\u2019s growth throughout last year was attributed to the ice castles. While Dillon didn\u2019t see expanding sales this January, the ice castles returned this year and Dillon held mostly level in January after its sales tax receipts jumped by almost one-third in January 2018. At the same time, the town\u2019s lodging tax finished the month 22.82% ahead of where it was in January 2018.<\/p>\n

Silverthorne\u2019s sales tax report for January was not available. Revenue Administrator Kathy Marshall said that some of the figures for the town\u2019s estimated sales tax revenues are still coming in, and as a result, Silverthorne staff will issue a combined report for January and February.<\/p>\n

Marshall estimated that January could come out a little bit ahead of January 2018, but she won\u2019t know that for sure, or by how much, until the reports are complete.<\/p>\n

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

One of the sculptures is shown during the International Snow Sculpture Championships on Jan. 25 at the RIverwalk Center in Breckenridge. The sculptures were one January event that brought tourists into town, as the month produced swelling sales tax revenues in Breckenridge and Frisco compared to January 2018.Hugh Carey \/ hcarey@summitdaily.com Whether it\u2019s at the […]<\/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-794398","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-local-news"},"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-06-14 06:18:26","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\/794398","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=794398"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/posts\/794398\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/media?parent=794398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/categories?post=794398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/tags?post=794398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}