{"id":2458355,"date":"2020-05-12T23:00:00","date_gmt":"2020-05-13T05:00:00","guid":{"rendered":"https:\/\/www.aspentimes.com\/?p=325639"},"modified":"2020-05-12T23:00:00","modified_gmt":"2020-05-13T05:00:00","slug":"snowmass-march-sales-tax-revenues-better-than-projected-town-still-in-strong-economic-position","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kspn\/local-news\/snowmass-march-sales-tax-revenues-better-than-projected-town-still-in-strong-economic-position\/","title":{"rendered":"Snowmass March sales tax revenues better than projected; town still in strong economic position"},"content":{"rendered":"
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An image of Snowmass Town Hall taken on May 3, 2020.<\/strong>
Maddie vincent\/Snowmass Sun<\/em><\/figcaption><\/div>\n<\/figure>\n

Although the town of Snowmass Village\u2019s sales tax revenues took a significant hit in March due to the novel coronavirus pandemic, it was a little less severe than staff anticipated.<\/p>\n

According to the town\u2019s monthly taxes revenue report, the March sales tax revenues allocated for the general fund and the marketing fund dropped by 51.18% each compared with March 2019. Lodging tax revenue dropped 58.91% and real estate transfer tax revenue dropped 17.82%, according to town documents.<\/p>\n

However, while these numbers are dismal, town staff originally projected a 60% decrease in sales tax revenues over March. And according to Town Manager Clint Kinney, Snowmass Village is still in a strong place financially to weather the continued negative impacts of the coronavirus pandemic in the months to come.<\/a><\/p>\n

\u201cWe are in a strong financial position to move forward,\u201d Kinney said. \u201cBut that doesn\u2019t mean we shouldn\u2019t be paying attention and that doesn\u2019t mean we shouldn\u2019t be looking at good opportunities to save money.\u201d<\/p>\n

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