Sales tax collection in March way up for Dillon
summit daily news
DILLON – The Town of Dillon’s sales tax collection bounced up significantly in March – 11.3 percent. This jump is largely attributed to a substantial fund infusion from a late payer dating back to 2003. Without the bump, Dillon’s funds would still be up 5 percent for the month and just over 1 percent year-to-date.
“For us right now, we are ahead of 2009,” said the town’s finance manager Carri McDonnell. “We actually are tracking slightly ahead of budget. Obviously we’re happy with these numbers. With the collection from 2003, we are still cautious about what’s going to happen in the future months.”
McDonnell also noted that she has no plans to change the town’s budget for 2010.
Over the past five months, February was the only month seeing any sort of loss in Dillon. Its collection was down 4.8 percent, or $20,000, in comparison to the same month in 2009. The dip in this February’s tax in-take was attributed to a late-filer in February 2009.
Dillon’s sales tax collection in January 2010 was up 1.5 percent over January 2009, or $5,000. And the town’s revenues for December 2009 were up 2.77 percent, with an overall $14,900 increase over 2008.
For March, McDonnell reported collections being up in both the restaurants, lodging and retail sectors. Restaurants were up 12.3 percent for the month, or $7,700; Year-to-date, it was up 7 percent, or $11,700. Retail was up 4.8 percent for the month, or $12,900; Year-to-date, it up 4.25 percent, or $31,200. And lodging was up 4.5 percent in March, or $1,300; Year-to-date it was still down 7 percent, or $5,200.
If Dillon’s revenues remain flat to 2009 numbers, the town would meet its 2010 budget.
In February, the Town of Silverthorne’s sales tax revenues showed an uptick for the first time in 17 months. The town’s sales tax revenues in February 2010 were 4.84 percent higher than in February 2009.
The Outlets showed the strongest rebound, with a 23 percent increase in sales tax revenue over February 2009. The building retail sector, however, was still struggling in February, with a 45 percent decline from revenues the same month last year.
March figures are not yet available.
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