Summit County Dec. sales taxes up from 2009 |

Summit County Dec. sales taxes up from 2009

Summit County is preparing to put $100,000 more in the bank than expected, following an uptick in sales tax revenues in the latter half of 2010 culminating in a good December for county sales.

Sales tax revenues were up 3.24 percent in December 2010 from December 2009.

The county finished 2010 with total sales tax revenue down by only 5.3 percent from 2009, despite mid-year projections that sales taxes would fall by approximately 8 percent in 2010.

Summit County took a $200,000 loss in 2010 sales tax revenue from 2009 rather than the expected $300,000 loss. The extra money will be put in the county fund balance and will help offset a 20 percent decrease in property tax revenue expected to hit in 2012.

Because sales taxes are processed at the state level, it is unclear what caused the slight improvement in revenues toward the end of last year.

“I can’t say what area of the market out there is the generator of it,” county finance director Marty Ferris said. “But, in general, if our sales tax is up it means Keystone and Copper are doing better in (20)10 than then were in (20)09.”

Copper Mountain saw a strong December in terms of skier visits as well as sales numbers, particularly over the holidays, said Copper spokesman David Roth.

At the end of January, snowfall at Copper was nearly double that of last year. Keystone has also had a good powder season, beating its 208-inch total season average over 10 years with 216 inches of new snow as of mid-February.

Copper got 70 inches of snow in December 2010, over a 39-year December average of 47 inches.

Support Local Journalism

Support Local Journalism

As a Summit Daily News reader, you make our work possible.

Now more than ever, your financial support is critical to help us keep our communities informed about the evolving coronavirus pandemic and the impact it is having on our residents and businesses. Every contribution, no matter the size, will make a difference.

Your donation will be used exclusively to support quality, local journalism.


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User