Snowmass retail sales plummet in March |

Snowmass retail sales plummet in March

Snowmass Sun Staff Report
Aspen, CO Colorado

SNOWMASS VILLAGE ” It was anything but the merry month of March in Snowmass Village.

Sales tax collections for the month were down 27.6 percent, compared to March 2008, according to figures from the Snowmass Village Finance Department. Last year, the town collected $281,980 in tax revenue in March; this year’s March collections totaled $204,143.

March was the weakest month of the year so far; in fact, collections were lower than in any March during the past six years.

Segments hardest hit were lodging, sports equipment/clothing and general retail, each of which suffered a more than 30 percent loss, compared to last year.

Restaurants and food/drug/liquor sales fared well by comparison, experiencing roughly an 18 percent drop.

The miscellaneous category and utilities each saw single-digit drops.

For the year, sales tax collections were down by 17.89 percent. In January, tax revenues were down by 15.42 percent and in February, by 9.9 percent.

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