When it comes to collecting sales taxes, summer 2024 looks a lot like summer 2023 for Summit County municipalities. Many city financial departments describe year-over-year growth as “flat,” with some minor variances in revenue. Summit County government’s sales collection saw by far the largest decline.

Silverthorne, Frisco and Breckenridge saw slight increases in revenue, while Dillion saw a tiny decrease.

Due in part in Keystone becoming a city in February 2024Summit County’s summer sales tax collections look very different when comparing 2023 to 2024.

On the Summit County website, it says the incorporation of Keystone resulted in about a third reduction in sales tax values. After constitution in Februarythe city began charging a 2% countywide sales tax for purchases made within the city.

Summit County collected $619,137 in sales tax in June 2023 and $463,928 in June 2024. July saw the largest year-over-year drop in collections, with the county collecting $817,058 in 2023 and $548,044 in 2024. The county also saw a fairly significant drop in August, collecting $730,018 in 2023 and $512,154 in 2024.

Breckenridge sales tax collections for summer 2024 essentially mirror those for summer 2023 with a slight increase in August.

Comparing June 2023 and 2024, the city saw little to no change, with net taxable sales of $54,770,493 in 2023 and $55,138,508 in 2024. In recent history, July has seen higher collections higher than the other summer months. In July 2023, the city recorded $75,058,760 in taxable net sales and that figure jumped about 1% in 2024 to $76,081,134 in taxable net sales. August saw a year-over-year increase of more than 6% as the city reported $63,641,424 in taxable net sales for 2023 and $67,735,082 in taxable net sales for 2024 .

Breckenridge Revenue Manager Pam Ness presented summer financial results to the Breckenridge City Council at an Oct. 22 meeting and said increased sales at retail stores, restaurants and bars had helped make August a “profitable” month for the city. Retail revenues saw a 13% year-over-year increase in August and restaurant and bar sales saw a nearly 10.5% year-over-year increase .

In terms of taxable lodging sales, Breckenridge has remained fairly steady year over year, Ness said. The city saw a 3% increase in taxable lodging sales in June year-over-year, a decrease of almost $7 in July and an increase of almost 0.4% for August.

Frisco Finance Director Leslie Edwards said the city had an “overall strong summer” in sales tax, with collections up 4.3% for the summer months year-over-year. the other.

Where Breckenridge saw the strongest growth in August, Frisco saw the strongest growth in July. Frisco’s sales tax revenue jumped 6.7%, with the city collecting $630,439 in 2023 and $672,387 in 2024. The city saw a 4% year-over-year increase for June, collecting $527,341 in 2023 and $548,583 in 2024. August saw the most minimal increase with the city collecting $594,837 in 2023 and $611,105 in 2024.

Edwards said the building materials and hospitality sectors “were particularly robust”.

Frisco saw a 38.4% increase in sales tax collections from hotels and inns from 2023 to 2024 for June, a 32.2% increase in July, and a 30.9% increase in August. Frisco’s monthly construction sales tax collections for 2024 increased 19% to 24% year over year, with the exception of January, which only saw an increase of 8 %.

“Staff is cautiously optimistic that the summer trend will continue into the winter season and into 2025,” Edwards said via email. “We have projected a 2.5% increase in sales tax revenue in 2025 compared to what we forecast for 2024.”

Silverthorne Finance Director Laura Kennedy said the city’s tax revenue for 2024 is about equal to 2023 as a whole. She said there was an increase in collections for June and July and a slight decrease in collections in August compared to 2023.

In June 2023, Silverthorne collected $1,577,659 in sales tax and $1,617,491 in 2024. July brought an 8% increase in sales tax revenue year over year, with Silverthorne collecting 1 $427,421 in 2023 and $1,542,848 in 2024. August saw a decrease of almost 1.6% compared to the previous year. year, with the city collecting $1,521,058 in 2023 and $1,496,910 in 2024.

According to Dillon Finance Director Mary Kay Perrotti, the city’s sales tax revenue for June-August year-over-year was fairly stable and the city collected $2.7 in 2023 and $2.5 dollars in 2024.