Avon cuts $1.3M in spending | VailDaily.com

Avon cuts $1.3M in spending

Daily Staff Report
Avon, CO Colorado

AVON, Colorado ” The town of Avon, Colorado is reacting to the state of the economy by cutting $1.3 million in expenditures for the current budget cycle.

Scott Wright, assistant town manager, gave the town council an overview of the budget reductions Tuesday, most of which were suggestions by department heads and town staff.

Wright sent out a Feb. 5 memo to Mayor Ron Wolfe and council members detailing the areas where cuts are being made. In the memo, Wright said there are two major sources of revenues impacted during a recession ” sales tax and building fees.

The town’s sales taxes were 6 percent lower in November and December than in the same two months the previous year. Sales taxes for the entire year of 2008, while up more than 3 percent from 2007, were still about $189,000 short of the town’s projections, according to Wright’s memo.

The cuts, along with cutting the 2009 sales tax projections by $750,000, are “prudent financial management techniques,” Wright said.

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The cuts reduce the general fund by $42,307 for 2009.

” Lauren Glendenning

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