{"id":2458353,"date":"2020-05-12T23:00:00","date_gmt":"2020-05-13T05:00:00","guid":{"rendered":"https:\/\/www.aspentimes.com\/?p=325611"},"modified":"2020-05-12T23:00:00","modified_gmt":"2020-05-13T05:00:00","slug":"better-sales-than-expected-in-march-spur-basalt-to-revise-2020-expectations","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kspn\/local-news\/better-sales-than-expected-in-march-spur-basalt-to-revise-2020-expectations\/","title":{"rendered":"Better sales than expected in March spur Basalt to revise 2020 expectations"},"content":{"rendered":"<figure class=\"wp-block-image p402_hide\">\n<div class=\"caption-container\">\n<p><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/05\/basaltbudget-atd-051320-1-1024x682.jpg\" class=\"attachment-large size-large wp-post-image\" alt srcset=\"https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/05\/basaltbudget-atd-051320-1-1024x682.jpg 1024w, https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/05\/basaltbudget-atd-051320-1-300x200.jpg 300w, https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/05\/basaltbudget-atd-051320-1-768x512.jpg 768w, https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/05\/basaltbudget-atd-051320-1-1536x1024.jpg 1536w, https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/05\/basaltbudget-atd-051320-1-2048x1365.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><\/p><figcaption><strong>Chad Bones gives Larry Mills a haircut at the Basalt Barber Shop a week after they reopened on Tuesday, May 12, 2020.Co-owner Lonnie Bones said they waited a little longer to reopen the shop than what was allowed. (Kelsey Brunner\/The Aspen Times)<\/strong><br \/><em>Kelsey Brunner\/The Aspen Times<\/em><br \/><a class=\"buy-link\" href=\"http:\/\/aspentimes.mycapture.com\/mycapture\/remoteimage.asp?backtext=Return+to+AspenTimes.com&amp;backurl=https:\/\/www.aspentimes.com\/news\/local\/better-sales-than-expected-in-march-spur-basalt-to-revise-2020-expectations\/&amp;image=https:\/\/www.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/05\/basaltbudget-atd-051320-1-1024x682.jpg&amp;notes=https:\/\/www.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/05\/basaltbudget-atd-051320-1.jpg\"> Buy Photo<\/a><\/figcaption><\/div>\n<\/figure>\n<p class=\"STND-STND BodyText\">Basalt\u2019s sale tax revenues from March gave the town government guarded hope that 2020 finances won\u2019t plummet as drastically as originally feared because of the coronavirus crisis.<\/p>\n<p class=\"STND-STND BodyText\">The town collected about $70,000 more than expected in the April sales tax report, which reflects sales in March.<\/p>\n<p class=\"STND-STND BodyText\">It\u2019s not like March was rosy. The Roaring Fork Valley\u2019s economy took an abrupt hit March 15 when Colorado Gov. Jared Polis ordered that ski areas close for the season. Restaurants were closed a short time later and a stay-at-home order was issued March 25.<\/p>\n<p class=\"STND-STND BodyText\">Basalt restaurants saw sales drop by more than 40%. Lodging was down 50%. Retail food, on the other hand, was up 23.6%, which reflects strong sales by Whole Foods and City Market.<\/p>\n<div class=\"row\">\n<div class=\"col\" readability=\"6\">\n<div class=\"row at-donation at-donation-mobile p-0\" readability=\"7\">\n<div class=\"col-xl-4 p-2\">\n<div data-bg=\"url(https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/03\/AT-logo-white.png)\" class=\"p-0 mt-2 mb-2 h-75 text-center rocket-lazyload\">\n<p><img decoding=\"async\" src=\"https:\/\/cdn.aspentimes.com\/wp-content\/uploads\/sites\/5\/2020\/03\/AT-logo-white.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<figure class=\"wp-block-pullquote p402_hide\" readability=\"1.5\">\n<blockquote readability=\"6\">\n<p>\u201cI think April\u2019s numbers will be more telling.\u201d \u2014 Ryan Mahoney, town manager<\/p>\n<\/blockquote>\n<\/figure>\n<p class=\"STND-STND BodyText\">Officials in Snowmass Village said Monday night that their month of March was not as bad as feared. However, Aspen officials said last week they will look to <a id=\"N0x1268d00N0x10d7030:N0x1268d00N0x11d7910\" href=\"https:\/\/www.aspentimes.com\/news\/city-of-aspen-looks-to-cut-over-16m-in-spending-due-to-covid-19\/\">cut more than $16 million<\/a> from this year\u2019s budget because of the revenue forecasts.<\/p>\n<p class=\"STND-STND BodyText\">The Basalt town staff released a <a id=\"N0x1268d00N0x10d7090:N0x1268d00N0x11d7a30\" href=\"https:\/\/www.aspentimes.com\/news\/local\/basalt-projects-15-drop-in-sales-tax-from-coronavirus-crisis\/\">dire financial outlook last month<\/a> based on the business closures and uncertainty on reopening. However, since results were brighter than expected in March, the town staff adjusted its outlook for the year.<\/p>\n<p class=\"STND-STND BodyText\">\u201cTherefore, the revenue modeling through the rest of the year was adjusted upwards also,\u201d said a memo from the town staff to council.<\/p>\n<p class=\"STND-STND BodyText\">The town staff\u2019s revised picture foresees a reduction in revenues of about $1.34 million for all of 2020 compared to budget. The town anticipates revenues for its general fund of $6.2 million. That\u2019s been improved from a projection last month of $5.9 million.<\/p>\n<p class=\"STND-STND BodyText\">In addition to the possibility of slightly better sales tax revenues, it appears the town will retain significant building permit revenues. Aspen Skiing Co. has started construction on its affordable housing project in Willits. The Arts Campus at Willits and the Steadman Clinic also are seeking a building permit for structure adjacent to the Skico housing.<\/p>\n<p class=\"STND-STND BodyText\">The town has trimmed its expenses for 2020 to match the anticipated reduction in revenues.<\/p>\n<p class=\"STND-STND BodyText\">\u201cAs a result, critical infrastructure and general fund expenses totaling $1,155,718 will be postponed until additional financial results are available,\u201d the town memo said.<\/p>\n<p class=\"STND-STND BodyText\">Town Manager Ryan Mahoney said no one is thinking the economy will boom this year. Further adjustments might be needed as the year unfolds.<\/p>\n<p class=\"STND-STND BodyText\">\u201cI think April\u2019s numbers will be more telling,\u201d Mahoney said.<\/p>\n<p class=\"STND-STND BodyText\">Basalt Town Council members discussed Tuesday night ways to stimulate the town\u2019s economy once closure orders are lifted on more businesses. New Mayor Bill Kane proposed a program called Basalt Bucks, which he implemented when he was town manager in 2008-09, when the country was recovering from the Great Recession.<\/p>\n<p class=\"STND-STND BodyText\">In a nutshell, the town would subsidize a program that would provide an incentive to residents to patronize Basalt businesses. Kane said a person could purchase $100 Basalt Bucks for $75 cash at Town Hall. When the money is spent, businesses could come to Town Hall to recoup the Basalt Bucks as cash.<\/p>\n<p class=\"STND-STND BodyText\">\u201cIt really worked well in \u201908 and \u201909 when we really needed to keep the economy moving,\u201d Kane said. \u201cDrastic times call for drastic measures.\u201d<\/p>\n<p class=\"STND-STND BodyText Tagline\"><a href=\"mailto:scondon@aspentimes.com\">scondon@aspentimes.com<\/a><\/p>\n<p> <a href=\"https:\/\/www.aspentimes.com\/news\/local\/better-sales-than-expected-in-march-spur-basalt-to-revise-2020-expectations\/\" target=\"_blank\" rel=\"noopener noreferrer\">via:: The Aspen Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chad Bones gives Larry Mills a haircut at the Basalt Barber Shop a week after they reopened on Tuesday, May 12, 2020.Co-owner Lonnie Bones said they waited a little longer to reopen the shop than what was allowed. (Kelsey Brunner\/The Aspen Times)Kelsey Brunner\/The Aspen Times Buy Photo Basalt\u2019s sale tax revenues from March gave the [&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":[49],"tags":[],"class_list":["post-2458353","post","type-post","status-publish","format-standard","category-local-news"],"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-08-17 16:53:30","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":"KSPN The Valley&#039;s Quality Rock","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/kspn","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts\/2458353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/comments?post=2458353"}],"version-history":[{"count":0,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts\/2458353\/revisions"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/media?parent=2458353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/categories?post=2458353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/tags?post=2458353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}