Dillon’s sales tax up, despite business closures
Summit Daily News
Despite recent vacancies in the Dillon Ridge Marketplace, Dillon’s year-to-date sales tax revenue is pacing ahead of the past few years, partly due to two new restaurants.
From January to July, this year’s tax has increased 3.36 percent, or $74,370, from last year through the same period. The numbers are still below those from 2007 and 2008, but beating both 2009 and 2010.
In the past year, chain stores Borders and Blockbuster both closed down in Dillon Ridge Marketplace. It’s not clear what that impact was, though, since the town cannot release figures regarding the two stores’ sales tax revenues.
“Because Dillon is so small, anytime a business closes it’s impactive,” Carri McDonnell, town treasurer said.
Despite the closures earlier this year, sales tax revenue from retail was also up, albeit slightly: 2 percent year-to-date over the past few years, and 1.4 percent for July. The figures were somewhat surprising because it meant other businesses in the category had to make up the difference, and then they exceeded it, McDonnell said.
Dillon Ridge’s overall contribution was up 4.25 percent for July.
“We’re really happy to see Dillon Ridge was up, even with those large vacancies,” McDonnell told council at Tuesday’s worksession.
In July alone, sales tax for the town was up 5.2 percent, or $17,944, from July 2010. Last year’s numbers for July also slowly paced ahead of 2009.
“It was a good July. We would have been running cartwheels if it was flat,” town manager Devin Granbery told council members Tuesday.
McDonnell counts Dillon’s numerous summer events as factors in July’s sales tax increases. Two new restaurants also had an influence: Adriano’s Bistro and Deli opened last December and Jimmy John’s opened in June. Restaurant sales tax collections were up for July by 18 percent, or $12,236, and year-to-date by 15.5 percent.
Anytime a show lets out of the Lake Dillon Theatre Company, Adriano’s is packed, Granbery said.
The town is hoping the numbers point to a slowly recovering economy, McDonnell said. Neighboring communities also did well in July.
Breckenridge was up 14.4 percent, Frisco 6 percent, Silverthorne 3.1 percent and Summit County’s collections increased 5 percent.
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