Dillon’s sales tax down, but town optimistic | SummitDaily.com

Dillon’s sales tax down, but town optimistic

summit daily news
Dillon, Colorado

DILLON ” Sales tax collection in Dillon was down in 2008 in every category except lodging ” up 1.6 percent, or $3,832 up from 2007. But the town remains optimistic for the coming year.

“We do believe that people are still coming to Summit County and staying in Dillon,” said Carrie McDonnell, treasurer for the Town of Dillon. “Restaurants were flat, so people are still eating out. They’re just not spending money on retail.”

Retail sales tax collection is down 4 percent from 2007. The decline is $115,283.

December 2008 sales tax is down 13.33 percent, or $82,787, from December 2007. Year-to-date sales tax is down 3.56 percent, or $150,121.

Sales tax collections in 2008 still exceed 2006 by 7.9 percent, or $299,000.

There was a 12-percent increase in Dillon’s sales tax collection from 2006 to 2007.

Sales tax collection is now below budget by $122,549 for all of Dillon’s funds.

Town staff has earmarked about $700,000 in potential budget savings and delays in capital and equipment projects to combat the budget shortfall.

Dillon also continues to be optimistic because of new businesses opening in town, including Qdoba, Walgreens, Smash Burger and an expansion at Nozawa.

In July 2008, a .5 percent sales tax increase was put into effect for Dillon, but it’s specifically for debt, McDonnell said. It doesn’t factor in at all when comparing 2007 to 2008.

Next year Dillon’s town staff will include the .5 percent sales tax increase when comparing 2008 and 2009.

Caitlin Row can be reached at (970) 668-4633 or at crow@summitdaily.com.

Support Local Journalism

Support Local Journalism

As a Summit Daily News reader, you make our work possible.

Now more than ever, your financial support is critical to help us keep our communities informed about the evolving coronavirus pandemic and the impact it is having on our residents and businesses. Every contribution, no matter the size, will make a difference.

Your donation will be used exclusively to support quality, local journalism.

For tax deductible donations, click here.

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User