Basalt sales tax collections fall in December | AspenTimes.com
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Basalt sales tax collections fall in December

Aspen Times staff report
Aspen, CO Colorado

BASALT – The first sales tax report from Basalt’s new fiscal year indicates the tough times aren’t over yet.

Sales tax collections were down 6.67 percent in December compared to 2008. Revenues were down 17 percent from December 2007, before the recession hit.

The actual revenues collected for December were $384,514 in 2009, compared to $411,993 the previous year and $464,366 in December 2007.

The retail food category, which supplies the largest share of Basalt’s sales tax revenues, was down 8.34 percent in December, continuing a slide that occurred through most of 2009.

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Retail sales of building materials fell 9.31 percent. Restaurants with bars saw their collective business fall nearly 19 percent in December, the sales tax report showed.

The news wasn’t all bad for town merchants and service providers. Shops in the general retail category posted a 3.6 percent increase in sales for December, their first gain since the recession started in fall 2008. Sporting retail shops managed a 8.2 percent increase from December 2008.

Liquor stores continued to be a bright spot for Basalt’s economy. The stores posted a 8.4 percent increase in December over the previous year, the report showed.


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