Frisco sales tax collection up for a second month
summit daily news
FRISCO – With April’s sales tax collection slightly up, Frisco is celebrating an increase in town funding two months in a row.
“April’s total sales tax was up over 2009 by 0.98 percent, or $3,430 of additional revenue,” said Frisco’s revenue specialist Chad Most. “It’s nothing huge to write home about, but we’re going in the right direction.”
Most also noted Frisco is only down 0.64 percent, or $11,765, year-to-date, despite poor collection numbers during early 2010. Frisco was 0.7 percent down over February of 2009, or just over $3,000 down. January 2010 revenues were down 7.13 percent, and January 2009 collections were down 12.87 percent from 2008.
“Every small percentage of growth helps us mitigate that,” he said. “We’re cautiously optimistic for the summer months. Fun events this summer will hopefully bolster business in town.”
As its first big event of the summer season, Frisco is all set to kick off its 17th annual Colorado BBQ Challenge with a Thursday night concert with live music from New Orleans band The Radiators. Barbecue and other treats will be sold on Main Street Friday and Saturday with judging and pig races.
Frisco’s most significant sales-tax growth for April was seen in the following categories: Hotels and inns (14.53 percent up), recreation (16.11 percent up), restaurants (4.5 percent up), and health and beauty (up 432.97 percent).
Most said this indicates that “our tourism side of things is slowly getting back.” He also noted he’s still seeing declines in the home-improvement category (14.88 percent down).
While sales tax collections seem to be stabilizing, town officials also hope to increase its 2010 sales tax acquisitions with revenues generated from the Frisco Peninsula Recreation Area redevelopment project – a new tubing hill should potentially be open for Thanksgiving.
SDN reporter Caitlin Row can
be reached at (970) 668-4633 or at email@example.com.
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