2015 a record year for sales tax revenue in Silt
SILT — It official: 2015 was a record year in sales tax collections here.
A report presented to Silt trustees Monday pegged sales collections in the town through December at $647,925.
That is more than the $624,451 collected in 2013, which Mayor Rick Aluise pointed out was a record-setting year for the town of roughly 3,000 people.
Pamela Woods, town administrator, told trustees earlier in January that December’s numbers were down, but not to the dramatic level that would prevent the town from surpassing the 2013 record. Despite the downward dip from November to December, the final month of 2015 was better than December of the previous year and just about on par with December 2013.
In early 2014, Woods pointed to the opening of the Dollar General store and other retail businesses as the cause for the spike in sales tax collections in 2013. After a downturn in 2014, which saw a total of $597,609 in sales tax revenues, the town has rebounded.
Silt is not large enough to breakdown revenue collections into specific sectors, but Woods said most businesses are seeing an increase.
Although not single-handedly responsible, two marijuana dispensaries have opened since the record year of 2013 and those businesses have helped, Woods said. Also the Silt/Colorado River KOA campground, which opened in 2015, has drawn people to town.
The town also has sponsored events, such as free concerts, in an effort to keep residents in Silt, rather than seeking entertainment elsewhere, Woods said.
“All of our businesses are doing well and let’s hope that 2016 is event better,” Woods said Monday.
The news comes as the town continues efforts to attract a grocery store. Trustees on Monday also approved a preliminary request for qualifications for potential vendors or developers of a grocery store.
The town will work to identify more firm dates before accepting requests from potential vendors and/or developers.
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