Positive returns on crucial month: Galleries reported a 132 percent increase in taxable revenue. Fur shops reported a 29 percent decrease. Jewelry stores were down 18 percent…The city’s real estate transfer taxes, which are reported one month ahead of sales taxes, were up in April, thanks to eight-figure closings on the Lodge at Aspen Mountain parcel and the Limelight Lodge…The city’s 1 percent lodging tax was up 9 percent in March compared to the same month in 2009.Retail sales jumped 7 percent in March compared to the same month last year — the largest comparative revenue increase since the recession took hold, according to a city consumption tax report.“The current report suggests Aspen’s recent declining economy is beginning to improve,” according to a memo from city finance director Don Taylor.
ASPEN RETAIL SALES – With March in the books, year-to-date taxable retail sales in Aspen are 3 percent ahead of 2009.To put the numbers in perspective, March of 2009 saw sales taxes fall off in the 20 percent range compared to March of 2008. Sales taxes were off about 14 percent for all of 2009 compared to 2008. March is one of the top three busiest months of the year in Aspen in terms of economic activity, along with December and July.
By Aspen Daily News Staff Report, May 8, 2010 Aspen Daily News