Chamber boosts budget
The Aspen Chamber Resort Association will boost its spending by about $98,000 next year, or 9.5 percent more than in the previous fiscal year.A chamber budget of $1,112,025 was approved last week at the organization’s annual membership luncheon. That is up from $1,014,000 for 2005-06. The organization’s fiscal year is May 1 to April 30.The chamber anticipates spending $35,000 more than it brings in. ACRA President and Chief Executive Officer Debbie Braun said the chamber will dip into reserves to cover the deficit. The chamber ended the 2005-06 fiscal year with a surplus of $68,555.The extra spending will be funneled to a major new guest services initiative called Faces of Aspen/Snowmass, according to Braun.”The board of directors agreed [that] to successfully launch this program, we would need one year of deficit spending to get it sufficiently on track,” Braun’s cover letter to the budget said. “We expect this program to be either self-supporting and/or to generate sufficient revenues to be continued in the future.”The bulk of the chamber’s income comes from membership dues. They will account for about $561,000 of the chamber’s income of $1,077,025, according to the budget. The other major revenue sources are grants and contracts for services, which will raise $230,000.Salaries and related expenses will account for $643,000 of the chamber’s spending, up from $582,650 last fiscal year. The organization’s general expenses will climb from $431,350 to $469,000.The budget doesn’t reflect a marketing fund which is generated by a town lodging tax. That tax will raise an estimated $500,000 to $550,000 this year.
Support Local Journalism
Support Local Journalism
Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.
Each donation will be used exclusively for the development and creation of increased news coverage.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User
Those of you who were not alive in the 1950s may be connected to toy trains through Thomas the Tank Engine. Thomas revived train toy sales that had rapidly declined beginning in the 1960s. The…