How tourism affects our taxes | AspenTimes.com
YOUR AD HERE »

How tourism affects our taxes

Dear Editor:Great news! Each Coloradan reduced their tax bill by $115, this according to the 2004 Longwoods Study. This equates $460 in savings for a family of four. That’s right – a reduction in taxes, paid by the tourists that visit our state. Tourism is vital to the stability and economic growth of our community. In 2004, it contributed approximately $7.3 billion to the state economy and consistently ranks among the top three largest industries in the state. In addition, tourism employs more than 200,000 Coloradans, many of whom live and work right here in Carbondale.As Carbondale brings in more overnight visitors that contribute to the 2 percent lodging tax, we are able to further promote, develop and market tourism in the town of Carbondale. Obviously, this benefits all area businesses.It’s important to recognize how tourism affects all of us as Colorado citizens. Whether you grow food for a restaurant, give tours of one of the thousands of attractions across the state, work as a gas station attendant or as a police officer, you are impacted by the economic benefits of tourism.The Colorado Tourism Office (CTO) is charged with encouraging travelers to visit Colorado. In 2004, the CTO advertising campaign accounted for more than $1.4 billion in incremental visitor spending. Increased spending translates into $89.5 million in additional tax revenues generated from tourism promotion. In other words, for every dollar spent in promoting and advertising, each Colorado visitor spent $292 on average. This is an incredible return on investment!A significant investment in tourism promotion reaps huge dividends for the state and our local community. It’s worth the effort. And, it’s worth our continued and permanent support. I encourage everyone in our community to consider the economic benefits that each of us realizes through tourism and share this vital information with your family, friends and elected officials. Let them know just how much tourism means to your community, and to you.Mindy MuellerCarbondale Chamber Lodging Tax CommitteeCarbondale


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.

For tax deductible donations, click here.
 

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User


News


See more