FRISCO — Frisco's sales tax collection was still down in November, but not excessively so — showing town revenues are holding steady to its year-long trend.
November 2009 was 6.6 percent down from the previous year, at $370,290. Year-to-date, Frisco is 14.5 percent down from 2008. Town staff has anticipated the dip and restructured the budget to reflect a 15 percent decrease in revenue for 2009.
Town revenue specialist Chad Most said the budget change was officially made at the end of 2009. He also noted that the 2010 budget reflects “no growth.”
According to Most, the town is so far off $782,682 on sales tax collections from 2008.
The monthly sales tax report showed the following numbers: Restaurants were down 11.06 percent in November, or $6,060. Lodging revenue was down 16.53 percent in November, or $3,400. Food (grocery) was up 10.89 percent in November, or $6,777 up. Most said he attributes this to Safeway filing its sales tax revenue 13 times in a year, instead of 12 as most businesses do. Retail sales was down 10.57 percent, or $26,150. Retail for recreation was up 19.13 percent in November. Most said this is due to a new business and another business that switched from regular retail to recreation.
Caitlin Row can be reached at (970) 668-4633 or at crow@summitdaily.com.
November 2009 was 6.6 percent down from the previous year, at $370,290. Year-to-date, Frisco is 14.5 percent down from 2008. Town staff has anticipated the dip and restructured the budget to reflect a 15 percent decrease in revenue for 2009.
Town revenue specialist Chad Most said the budget change was officially made at the end of 2009. He also noted that the 2010 budget reflects “no growth.”
According to Most, the town is so far off $782,682 on sales tax collections from 2008.
The monthly sales tax report showed the following numbers: Restaurants were down 11.06 percent in November, or $6,060. Lodging revenue was down 16.53 percent in November, or $3,400. Food (grocery) was up 10.89 percent in November, or $6,777 up. Most said he attributes this to Safeway filing its sales tax revenue 13 times in a year, instead of 12 as most businesses do. Retail sales was down 10.57 percent, or $26,150. Retail for recreation was up 19.13 percent in November. Most said this is due to a new business and another business that switched from regular retail to recreation.
Caitlin Row can be reached at (970) 668-4633 or at crow@summitdaily.com.


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