Silverthorne economy rosier for third-straight month |

Silverthorne economy rosier for third-straight month

SILVERTHORNE – The local economy is looking up for the third month in a row, according to the most recent sales tax data released by the Town of Silverthorne.

April sales tax revenues were up half a percent over April 2009, bringing 2010 year-to-date revenues 1.6 percent ahead of the same period in 2009.

The automobile sector had a particularly strong month relative to last April, posting an improvement of 18 percent. The consumer retail sector, which includes Target and OfficeMax, continues to outperform 2009, with a year-to-date increase of 15 percent in sales tax revenues to the town. However, the sector’s numbers for April alone were down 9 percent from the previous April. The Outlets at Silverthorne are 7 percent above last year’s January-April period.

Revenues from the building retail sector, which has struggled more than other sectors recently, was down 2 percent in April 2010, compared to April 2009. Year to date, the sector is down 33 percent.

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