Basalt approves stimulus funding |

Basalt approves stimulus funding

Aspen Times Staff Report
Aspen, CO Colorado

BASALT ” The Basalt Town Council this week approved the funding needed for a homespun economic stimulus package.

The council unanimously approved $58,546 for a program that will reward shoppers with a $30 gift certificate for each purchase of $300 worth of goods or merchandise from Basalt’s stores and restaurants. The key to the program is the town government will use public funds to honor the gift certificates.

Once shoppers accumulate $300 in purchases, they receive a certificate that can be redeemed at a participating business. The businesses will turn the gift certificates into Town Hall for $30 cash. The council’s funding will cover 1,500 gift certificates ” which would represent at least $450,000 in spending at businesses. The town will recoup some of its investment in sales tax revenues.

The program will kick off June 6 with a pig roast in Basalt and continue through the summer.


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