Silverthorne 2010 sales tax collections end slightly up | SummitDaily.com
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Silverthorne 2010 sales tax collections end slightly up

Summit Daily News

Silverthorne’s sales tax revenue to date finished on a positive note in 2010, at 0.68 percent – or $50,534 – above last year’s revenue.

Year-to-date this year saw revenue of $7,502,589 compared to last year’s $7,452,055.

The yearly change from 2008 to 2009 was a precipitous negative 12.09 percent.

The month of December’s revenue was up 1.44 percent over the year prior, as compared to being about 3 percent in the negative for December 2009 compared to December 2008.

December’s revenue was also up from November’s taxes, which were up 1.34 percent. October, however, saw a year-to-year increase of 2.2 percent.

Auto, building, and food and liquor taxes fell short of last year’s fourth quarter values, but consumer, outlet, lodging and service taxes exceeded 2009’s fourth quarter. The outlets were the greatest change – $2,638,928 compared to last year’s $2,591,069.

But year-to-date revenue overall still falls short of 2007 and 2008 values, which were $8,744,604 and $8,476,687, respectively.

– Janice Kurbjun


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