Breck begins to see economic recovery | SummitDaily.com
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Breck begins to see economic recovery

BRECKENRIDGE – After more than two years of tight budgets, Breckenridge finance officials might at last be seeing the light at the end of the tunnel.Last year’s sales tax collections have finally been compiled, and indicate the town was up 5.7 percent over the year 2003.”It was a good strong finish to the year,” said town manager Tim Gagen. “It’s been three years since we’ve had positive numbers for the whole year.”– Restaurants and bars: Sales increased 4.5 percent over 2003. Sales registered an 11.8 percent increase for the month of December alone.– Retail sales: Up 6.6 percent for the year, with merchants reporting sales of $63.7 million. Sales for the month of December were up 7.2 percent when compared to December 2003.– Short-term lodging sales: After three years of relatively flat growth, the lodging sector garnered a 6.8 percent increase in 2004 over 2003 and a 13.1 percent increase in December when compared to December 2003.– Grocery store sales: Inching up 1.6 percent over last year and 2 percent in December compared to December 2003.– Supplies – generally construction materials: A gradual upswing since a precipitous fall in 2001. That sector saw a 29.5 percent improvement in 2004 when compared to 2003, and a 19.2 percent improvement in December over the same month in 2003.– Real Estate Transfer Taxes: Generated $3.61 million during 2004, a 14.7 percent increase over the year before.Jane Stebbins can be reached at (970) 668-3998, ext. 228, or at jstebbins@summitdaily.com.


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