Silverthorne adjusting 2009 budget | SummitDaily.com
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Silverthorne adjusting 2009 budget

Caitlin Row
summit daily news

The Town of Silverthorne is in the process of adjusting its 2009 budget to reflect “less than stellar sales tax receipts,” according to the town manager’s Dec. 3 report.

According to financial director Donna Braun, since October’s city-portion of sales tax collection “didn’t come out as well,” she’s been working to clean up the 2009 budget to reflect the town’s current finances. She’s still waiting for state numbers, which she said will likely come out at the end of the week.

September’s sales tax collection came out down 19.6 percent, finishing out 12 consecutive months of losses for the town.

“We’re reducing sales tax collection for 2009 by $350,000, based on sales tax coming in 12-13 percent down (for the year),” Braun said. She had previously budgeted for funding to be down 9-10 percent.

“In a good year, it normally increases at the end of the year when we’re making budget revisions,” she said, noting that she’s also expecting savings in personnel and fuel for 2009 to even things out.

Braun also noted she’s hearing good things about November spending – “We still may do better than we think by the end of the year.”


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