{"id":807723,"date":"2020-05-22T09:00:00","date_gmt":"2020-05-22T15:00:00","guid":{"rendered":"https:\/\/www.summitdaily.com\/?p=383715"},"modified":"2020-05-22T09:00:00","modified_gmt":"2020-05-22T15:00:00","slug":"dismal-march-sales-tax-collections-show-effects-of-shutdown","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/ksmt\/local-news\/dismal-march-sales-tax-collections-show-effects-of-shutdown\/","title":{"rendered":"Dismal March sales tax collections show effects of shutdown"},"content":{"rendered":"<div class=\"p402_hide\">\n<figure class=\"wp-block-image size-large\">\n<div class=\"caption-container\">\n<p><img decoding=\"async\" src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2020\/03\/P3162761-1024x768.jpg\" alt class=\"wp-image-380606\" srcset=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2020\/03\/P3162761-1024x768.jpg 1024w, https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2020\/03\/P3162761-300x225.jpg 300w, https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2020\/03\/P3162761-768x576.jpg 768w, https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2020\/03\/P3162761-1536x1152.jpg 1536w, https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2020\/03\/P3162761-2048x1536.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\"><\/p><figcaption><strong>A sign outside the Motherloaded Tavern in Breckenridge says the restaurant is closed following Summit County\u2019s public health order to close all dine-in restaurants as well as many other types of businesses in mid-March. Now, March sales tax numbers show the financial effects of the closures.<\/strong><br \/><em>Courtesy Elaine Collins<\/em><\/figcaption><\/div>\n<\/figure>\n<\/div>\n<p>DILLON \u2014 March sales tax numbers are in, and the mid-month shutdown took a big bite out of collections as expected.<\/p>\n<p>In early March, businesses were gearing up for a busy spring break before they were <a href=\"https:\/\/www.summitdaily.com\/news\/summit-county-expected-to-order-widespread-business-closures\/\">suddenly shuttered when the county ordered widespread business closures<\/a> March 16.&nbsp;<\/p>\n<p>Businesses have been hit hard by the shutdown, and now the major dips in sales tax revenue offers a glimpse into the sudden financial crisis the town\u2019s are facing. Four towns, Breckenridge, Frisco, Silverthorne and Dillon saw downturns in sales tax revenue in March. This varied from about a 24% decrease in Silverthorne to a 49% decrease in Breckenridge.<\/p>\n<p>However, the town of Blue River, which contains mainly residential establishments, saw an increase in sales tax revenue. Blue River pulled through with a 37% increase in March sales tax revenue. Town Manager Michelle Eddy said the bulk of the town\u2019s revenue, about 50%, is from taxes when someone short-term rents their home and pays a lodging tax of 3.4% and a 8.875% sales tax.<\/p>\n<div class=\"row\">\n<div class=\"col\" readability=\"6\">\n<div class=\"row sd-donation sd-donation-mobile p-0\" readability=\"7\">\n<div class=\"col-xl-4 p-2\">\n<div data-bg=\"url(https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2020\/03\/SDN-logo-white-1.png)\" class=\"p-0 mt-2 mb-2 h-75 text-center rocket-lazyload\">\n<p><img decoding=\"async\" src=\"https:\/\/cdn.summitdaily.com\/wp-content\/uploads\/sites\/2\/2020\/03\/SDN-logo-white-1.png\" class=\"logo m-0 p-0 invisible\"><\/p>\n<\/div>\n<\/div>\n<p><h3 class=\"d-inline mr-3\">Support Local Journalism<\/h3>\n<p><button class=\"btn d-inline\" type=\"button\" onclick=\"handleDonationButtonClickMidArticle()\">Donate<\/button><\/p>\n<\/div>\n<p><\/div>\n<\/div>\n<p>Silverthorne\u2019s total March sales tax revenue declined by 24.5%, but the sector breakdown shows some types of businesses fared well during the shutdown. The largest increase in business comes from online retail, which increased by about 83%. Other sectors that fared well included building retail and services.&nbsp;<\/p>\n<p>The town\u2019s report noted that the online retail category continues to rise as a result of the Wayfair ruling, the 2018 <a href=\"https:\/\/taxfoundation.org\/supreme-court-decides-wayfair-online-sales-tax-case\/\" target=\"_blank\" rel=\"noopener noreferrer\">U.S. Supreme Court decision<\/a> that allows online retailers to charge state sales tax, even if the buyer is out of state. When <a href=\"https:\/\/www.summitdaily.com\/news\/silverthornes-sales-tax-revenue-increases-nearly-800-for-online-retail-in-june\/\">Silverthorne\u2019s online retail sales tax jumped by 800% in June 2019<\/a>, town Revenue Administrator Jackie Balyeat explained that in the wake of the ruling, the town has been receiving additional taxes and licenses filed from retailers as a result of online shopping.&nbsp;<\/p>\n<p>Compared with the other three towns in Summit County that saw reduced sales tax collections, Silverthorne saw the lowest rate of decline.<\/p>\n<p>\u201cThe town of Silverthorne has several factors that make it less susceptible to changes in these conditions,\u201d Balyeat wrote in an email. \u201cWe have many businesses that meet the definition of \u2018essential\u2019 under the established guidelines that were therefore able to remain open for the entire month. We have about 70% of our residents living here full time and therefore frequenting these essential business(es), and with our physical location immediately off the exit, we also were easily accessed by anyone traveling.\u201d<\/p>\n<p>Breckenridge showed the most significant decline in sales tax revenue with a 49% drop in the amount collected via the town\u2019s 2.5% sales tax. Net taxable sales year to date showed about a 17% decline. The town experienced revenue decreases across all sectors: short-term lodging, restaurants and bars, marijuana sales, retail, construction, and grocery and liquor.&nbsp;<\/p>\n<p>While some establishments that fell under the restaurant and bar sector were allowed to stay open for takeout and other services, this category experienced a 57% decline in collected sales taxes, just behind short-term lodging.<\/p>\n<p>In Dillon, total March sales tax collections amounted to $297,325, which makes for about a 28% decline in sales tax revenue compared with March 2019. Year-to-date numbers show a less bleak figure of about minus 4%, as revenue saw year-to-date increases in January and February. Dillon\u2019s lodging tax revenue took a 50% dip in March when compared with March of last year.<\/p>\n<p>The town of Frisco finished March with a 25% reduction in sales tax revenue compared with March 2019. Year to date through March, sales taxes are down about 8%. Thirteen out of the town\u2019s 17 sales tax categories showed March declines.&nbsp;<\/p>\n<p>\u201cIt is no surprise that Vacation Rentals and Hotels &amp; Inns and Recreation were the hardest hit in terms of dollars,\u201d the town\u2019s sales tax report read, noting that the town has reserves to cover economic downturns. \u201cGrocery and Office were the few categories that showed any growth. Again you can contribute this to people buying office supplies to work from home and people stocking up on groceries. Currently, staff does not see this trend ending in the next couple of months.\u201d<\/p>\n<p>Frisco\u2019s March lodging taxes show about a 69% decline.&nbsp;<\/p>\n<p> <a href=\"https:\/\/www.summitdaily.com\/news\/dismal-march-sales-tax-collections-show-effects-of-shutdown\/\" target=\"_blank\" rel=\"noopener noreferrer\">via:: Summit Daily<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A sign outside the Motherloaded Tavern in Breckenridge says the restaurant is closed following Summit County\u2019s public health order to close all dine-in restaurants as well as many other types of businesses in mid-March. Now, March sales tax numbers show the financial effects of the closures.Courtesy Elaine Collins DILLON \u2014 March sales tax numbers are [&hellip;]<\/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-807723","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-local-news"},"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-07-10 10:17:32","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\/807723","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=807723"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/posts\/807723\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/media?parent=807723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/categories?post=807723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/ksmt\/wp-json\/wp\/v2\/tags?post=807723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}