SILVERTHORNE — The Silverthorne economy in June showed only slight improvements over the same month in 2009, with overall sales tax revenues in the town up by about 2.4 percent.
Consumer retail, which includes Target and OfficeMax, was one of the strongest sectors, posting a 12.1 percent improvement over June 2009. Target finished a remodel in June, potentially contributing to the boost.
Building retail, reflective of overall construction activity, was down by 10.5 percent in June, but the sector saw a smaller drop in June than it has seen in other months this year.
“It's getting closer to flat,” Silverthorne finance director Donna Braun said.
Braun said she expects July to be flat or down slightly, compared with the same month in 2009. As for August, she said the town seemed quite busy, but that doesn't mean people were necessarily spending lots of money.
“We're seeing lodging tax up. But I think when it comes to any vacation, everybody is looking for free things to do,” Braun said.
Overall, Braun said 2010 has been a good summer, but people have adjusted their spending habits.
“You're not going to see a lot of increases out there. Things are just maintaining from 2009,” she said.
SDN reporter Julie Sutor can be reached at (970) 668-4630 or jsutor@summitdaily.com.
Consumer retail, which includes Target and OfficeMax, was one of the strongest sectors, posting a 12.1 percent improvement over June 2009. Target finished a remodel in June, potentially contributing to the boost.
Building retail, reflective of overall construction activity, was down by 10.5 percent in June, but the sector saw a smaller drop in June than it has seen in other months this year.
“It's getting closer to flat,” Silverthorne finance director Donna Braun said.
Braun said she expects July to be flat or down slightly, compared with the same month in 2009. As for August, she said the town seemed quite busy, but that doesn't mean people were necessarily spending lots of money.
“We're seeing lodging tax up. But I think when it comes to any vacation, everybody is looking for free things to do,” Braun said.
Overall, Braun said 2010 has been a good summer, but people have adjusted their spending habits.
“You're not going to see a lot of increases out there. Things are just maintaining from 2009,” she said.
SDN reporter Julie Sutor can be reached at (970) 668-4630 or jsutor@summitdaily.com.


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