April sales tax numbers better in Eagle County
Eagle County, CO Colorado
EAGLE COUNTY, Colorado – The County’s sales tax numbers were a little better in April than they’ve been the first three months of 2009.
Sales tax collected by the county in April was down 8 percent compared to the same month in 2008. The drops in the first three months of the year were closer to 20 percent, compared to the previous year.
But the April numbers could be an anomaly, said John Lewis, the county’s finance director.
“We knew April would be better,” Lewis said.
One of the reasons is that Easter was in March last year and was in April this year, he said. Vail Mountain staying open a week longer helped April’s numbers, too, Lewis said.
“That’s part of the reason March was down a little more and this was up,” he said.
Revenue in March was down 20 percent compared to the same month last year. Sales tax in January and February was down 24 percent and 18 percent respectively, compared to 2008.
Lewis expects sales tax numbers to be down more than 8 percent during the next few months.
“We’re probably going to be back to 20 to 25 percent,” Lewis said. “I think that may stick through the summer.”
The county started the year with about $5 million of contingency money. Officials are planning to use some of that money to account for the year-end drop in sales tax.
County officials budgeted for a 5 percent decrease in sales tax – which amounts to about $427,000 – in the 2009 budget.
Staff Writer Chris Outcalt can be reached at 970-748-2931 or firstname.lastname@example.org.
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