Town sales tax numbers up for July
September 13, 2012
A slow recovery from the recession seems to be evident in July’s sales tax numbers across Summit County’s towns.
While Breckenridge doesn’t have its July sales tax income figures yet, the net taxable sales tracked quite well for a summer month, and were ahead of 2011 by 5.9 percent, according to a recent report. More importantly, the town exceeded 2007 sales, with the most July sales on record.
All categories, with the exception of supplies and utilities, had the best July sales on record, the report stated.
“While a strong summer season is good news, winter has a much larger bearing on Breck’s overall economic health,” town financial services manager Brian Waldes said. “If these numbers continue through the upcoming winter season, then we’ll call it a trend. Right now we are just happy to have had a great summer, and hopeful that it will carry over to winter.”
In Frisco, a reported 10.71 percent July sales tax increase over 2011 is a little misleading, since the town received an “extra” and early boost that month from one of its strongest sales tax generators, which files over 13 28-day periods, instead of the normal 12 increments. But still, the town would have seen a growth of more than 5 percent had it not received that “extra” filing in July, according to Frisco revenue specialist Chad Most.
The month’s growth is even more encouraging when the lack of a Fourth of July fireworks show is factored in, Most said.
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“Year-to-date, 13 out of our 16 sales tax categories are exhibiting growth,” Most said. “The vast majority of Frisco business owners continue to be resilient in the face of economic uncertainty, and have leveraged all that the town has to offer into a successful summer. Town staff is keenly aware that the sales tax numbers are a direct reflection of the health of our business community. And while we know that not all businesses are experiencing the same level of success, we are nonetheless very encouraged to see growth across almost every sector of our local retail economy.”
Dillon’s sales tax was up nearly 7 percent in July over 2011, something town finance director Carri McDonnell attributes in large part to restaurants – the new ones, and the older ones- all of which had a good month. The town’s lodging tax dropped 12 percent, which McDonnell thinks could be due to discounted rates – the sales increase most likely came from second-home owners or daytime visitors, she said.
Year-to-date, the town’s sales tax is up almost 4 percent over 2011.
Year-to-date in Silverthorne, the town is up 4.52 percent, according to finance director Donna Braun. July’s sales tax also increased over 2011, to the tune of a little more than 4 percent.