Sales tax revenues up across Grand County despite lackluster winter
Our recent winter was comparatively mild in terms of temperatures and snowfall but despite Mother Nature’s lackluster performance sales tax revenues for Middle Park were up in virtually every community for every month.
Data provided by the municipalities in Grand County as well as statistics gleaned from county officials shows increases in sales tax revenue from 2017 to 2018 throughout the region.
Sale tax collections for Winter Park were up every month this past winter over the same month during the previous year. Data available from the town includes revenue statistics from December through March. February was the slowest month for the town this most recent winter with total sales tax collections, not including lodging, amounting to $571,379. That figure still represented a six percent, or $64,000, increase over February 2017. March was the town’s busiest month in terms of commerce this past winter with sales tax receipts totaling $715,414. It was a big bump from 2017’s March figure with March 2018 showing a 16 percent increase, or $211,000, over the same month in 2017.
The Town of Fraser also saw an increase in for every month this past winter other than December when the town saw a drop in associated revenues of 0.06 percent, or $168 less in Dec. 2017 than Dec. 2016. Throughout the rest of the past winter sales tax revenues were up from the same month in 2017 with an increase of 4.56 percent, or $9.839 in January, 5.84 percent, or $12,252 in February, and 6.4 percent, or $14,651 in March.
Winter in Granby also saw a similar increase in sale tax revenues as compared to Fraser with an overall winter long increase in associated revenues, from Dec. 2017 through March 2018 of 4.33 percent. Sales tax revenues for the town were up month to month from the same time period the previous year with the exception of Feb. 2018 when the State of Colorado returned some tax revenue to local businesses, a practice that the town’s Finance Director Sharon Spurlin called, “an unusual situation.” The increases in December ($19,345), January ($31,737) and March ($9,099) more than made up for the February decrease of $23,788.
Data for Grand Lake included only December, January and February from the previous winter with figures for March not yet available. Overall though through the end of February Grand Lake saw an 11.86 percent increase in sales tax revenues over the previous year. The largest increase came in December 2017 when Grand Lake took in $7,199 more in sales taxes than in December 2016. January of 2018 saw an increase in revenues of $6,296 over January 2017 while the increase in February 2018 was $5,018 over 2017.
Kremmling also saw an across the board increase in sales tax revenues this past winter and through March the community saw a 5.75 percent increase in associated revenues. December 2017 saw the largest bump over figures from the previous year at $5,735 over the same month in 2016. January 2018 also saw a significant boost in numbers at $5,077, or 8.91 percent, more for the month than January 2017. Increases in February and March 2018 were more modest, at 3.8 and 4.45 percent respectively.
The overall trend in increasing sales tax figures was also shown in statistics provided by Grand County government. Comparing January through March from 2018 to 2017, both years when the county’s new 0.3 percent sales tax was in effect, show significant increases. January 2018 saw an increase of $75,000 in sales tax revenues for the county. The increase in February was much more modest at $9,000 more in revenues in 2018 than the same month in 2017. The numbers jumped back up again in March though with March 2018 sales tax revenues at $72,000 above March 2017.
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