Silt rings up sales tax revenue increase |

Silt rings up sales tax revenue increase

Ryan Graff
Special to the Post Independent

SILT” A recovering economy or an increase in population could be the reason for Silt’s 9.8 percent increase in sales tax revenue in 2003.

In 2002 Silt collected $211,208 in sales tax revenue. In 2003 the town collected $232,071 in sales tax revenue, an increase of 9.8 percent.

No major sources of sales tax revenue have moved into Silt in the past year, said town administrator Rick Aluise. The increase in revenue without any new revenue sources could be a sign that the local economy is recovering, said Aluise.

Another possible explanation for the increase in revenue is an increase in population, said Silt finance director Kyra Hogan.

In 2000, 1,745 people lived in Silt. Now 2,100 live there, said Hogan.

Contact Ryan Graff: 945-8515, ext. 534

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