February 27, 2012

SandBoxBlogs: Aspen Daily News "Business looking up for resort"

Carolyn Sackariason:
"After 11 consecutive months of increased sales tax revenue over 2010, the city of Aspen fared better than most of its ski resort counterparts in Colorado last year.

Aspen came in third for the largest increase in sales tax revenue in 2011 in a field of eight mountain towns, according to statistics provided by city finance director Don Taylor. Vail had the largest increase of nearly 10.6 percent in 2011 while Snowmass logged an 8.5 percent gain. The rest of the towns — Breckenridge, Winter Park, Steamboat Springs, Glenwood Springs and Crested Butte — all had gains but not as large as Aspen and Snowmass.

The city of Aspen last year posted a 7 percent gain over 2010, with a total of nearly $503 million in taxable sales generated across 12 retail sectors. A 4 percent increase in sales tax revenue was realized in 2010 over 2009, when the national recession took hold. Aspen’s sales tax revenue was down 14 percent in 2009 from the year prior.

In 2011, the city of Aspen reported that every month except January — which was down 1 percent — saw an increase over 2010. However, Aspen is still nowhere near pre-recession figures...."
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"Unapologetically pursuing and tracking patterns within the news others make since 2010."

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