{"id":2456851,"date":"2020-04-06T22:56:01","date_gmt":"2020-04-07T04:56:01","guid":{"rendered":"https:\/\/www.aspentimes.com\/news\/town-manager-to-council-snowmass-in-strong-position-to-handle-negative-economic-impacts-of-covid-19\/"},"modified":"2020-04-06T22:56:01","modified_gmt":"2020-04-07T04:56:01","slug":"town-manager-to-council-snowmass-in-strong-position-to-handle-negative-economic-impacts-of-covid-19","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kspn\/local-news\/town-manager-to-council-snowmass-in-strong-position-to-handle-negative-economic-impacts-of-covid-19\/","title":{"rendered":"Town manager to council: Snowmass in \u201cstrong position\u201d to handle negative economic impacts of COVID-19"},"content":{"rendered":"
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At the virtual Snowmass Town Council meeting Monday, Town Manager Clint Kinney reiterated the town\u2019s financial outlook<\/a> as it continues through the unknown of the COVID-19 crisis: The village is in a good place.<\/p>\n

\u201cThe very good news was 2019 was better than expected,\u201d Kinney said. \u201cObviously since January our projections are going to change somewhat \u2026 but 2019 was a great year. We\u2019ve probably had 40 years of very conservative fiscal planning and over the last five years this council has done a really good job of being conservative.\u201d<\/p>\n

While Kinney said he and town staff are confident in Snowmass Village\u2019s ability to financially persevere through the coronavirus pandemic, he acknowledged that 2020 will be a tough year.<\/p>\n

Based on preliminary 2020 budget projections being tracked by the town\u2019s finance department, Kinney said the village expects to see a 27% average reduction in actual sales tax revenue over the rest of 2020.<\/p>\n

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