Silverthorne revenues take slight dip | SummitDaily.com
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Silverthorne revenues take slight dip

JULIE SUTOR
summit daily news

SILVERTHORNE – Silverthorne’s monthly sales tax figures dropped slightly in May – by almost 1 percent – after three straight months of growth. The town’s year-to-date sales tax revenues are still 1.2 percent ahead of the same period in 2009.

While negative numbers aren’t encouraging in any month, a dip in May doesn’t cause as much concern as in higher-revenue months, according to Kathy Marshall, of the town’s finance department. Sales tax revenues in March, a much busier month for the town, were 5.7 percent ahead of March 2009.

The Automotive and Professional Services sectors fared better than other sectors in May, each posting improvements over May 2009. The Outlets at Silverthorne and the Consumer Retail Sector, the town’s biggest revenue workhorses, were both down in May. However, year-to-date, they’re both ahead of last year, with Consumer Retail almost 11 percent ahead of 2009.

The Building Retail Sector is still well behind last year, posting a 28 percent drop from 2009.


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