Sales tax slip 10 percent in Eagle County in December |

Sales tax slip 10 percent in Eagle County in December

Chris Outcalt
Eagle County, CO Colorado

EAGLE COUNTY, Colorado ” Sales tax was down about 10 percent countywide in Eagle County, Colorado in December, said John Lewis, the county’s finance director.

The county budgeted a 5 percent decrease in sales tax ” which amounts to about $427,000 ” into the 2009 budget. The 10 percent drop in December is a warning, but the county is still in good position to weather a historic drop in sales tax in 2009 if need be.

“Luckily we have money set aside in the contingency if there is a big decrease,” Lewis said.

The county has $4.75 million in contingency money in the 2009 budget, which is enough for the county to handle even a 20 or 25 percent decrease in sales tax, Lewis said. Since 1984, 2003 was the only year the county’s sales tax revenue decreased. It dropped 6 percent that year.

Sales tax only accounts for about 20 percent of the county’s revenue, which is lower than a lot of other places, Lewis said. The 2009 budget also assumed a 4 percent drop revenue from building permits.

Participate in The Longevity Project

The Longevity Project is an annual campaign to help educate readers about what it takes to live a long, fulfilling life in our valley. This year Kevin shares his story of hope and celebration of life with his presentation Cracked, Not Broken as we explore the critical and relevant topic of mental health.

“Right now, budgetwise, you still can’t tell too much,” Lewis said.

Support Local Journalism