Town Council hopeful about ﬁnancial future of Snowmass
Aspen, CO, Colorado
SNOWMASS VILLAGE – Town Council members were optimistic at their 2013 budget retreat on Tuesday, increasing the assumption for sales tax revenue over the next few years and adding some expenditures to the general fund budget proposed by staff.
The general fund is supported by a 1 percent sales tax and accounts for expenses traditionally associated with government operations and not accounted for by another fund, according to the town’s website. Staff had proposed assuming a 3 percent sales tax revenue increase over the next few years and proposed a new facility-maintenance position and various one-time expenses.
The Town Council asked to increase the projected sales tax increase to 4 percent, add a fleet-maintenance position and add one-time expenses to support planning for the Town Park and Entryway area and possibly trail signage, if that can’t be covered by the Holy Cross Energy Enhancement Fund, town money set aside by the company for certain public projects.
The council also directed town staff to budget $52,543 to enhance service on Village Bus Route No. 1, which Transportation Director David Peckler says carries more than 400 people a day.
The Real Estate Transfer Tax Fund supports recreation, trails and purchases of buses, among other things. The council decided to approve the proposed RETT budget, which decreases the subsidy toward the rec center slightly, and discuss it again if it receives news on Base Village.
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