Basalt’s economy is already ahead of the record pace of 2020
Basalt is experiencing the kind of economic boom this summer that has prompted some people to question whether there is too much vitality.
Sales in July grew by 24 percent, much stronger than in July 2020. The city government collected कर 888,767 in sales tax revenue for the month. This was a record for July and the number of pre-covid covids was low.
“Lodging has increased by 25% over the years due to higher growth than rehabilitation and pre-sale sales,” said a memo to Basalt Town Council from town finance director Christine Chicoin. “Restaurants with bars are up 38.4% over the years due to higher-than-pre-sales sales.”
Normal retail sales are up nearly 47% compared to last year. The construction sector is also at 47%.
On the surface, the only surprise in the August sales report – which shows real sales in July – was that retail food was down 4%. However, during the epidemic, many people ate more at home and went out less often last summer. Chikoin noted in her report that grocery sales are at pre-Kovid levels even though they did not match before 2020.
Assault’s economy has been on track since recovering from the initial shock of an epidemic lockdown in a pandemic last spring. Sales in 2021 are up 18.7% compared to last year’s previous record. The city has earned कर 5.69 million in sales tax revenue so far this year, compared to 8 4.8 million at the same time last year. At the same time in 2019, sales tax collection was $ 4.19 million.
While the state of the economy briefly became the focus of discussion at the Basalt Town Council meeting on August 24, the board reviewed proposed development in downtown Old Clark Market.
Co-developer Tim Belinsky said the proposed project would give the 70-apartment and European-style market a spark to the downtown economy.
Councilman Ryan Slack noted, “A lot of people think you have all the consciousness you need.”
Belinsky replied, “It’s 100 days. What changes Downtown (currently) goes to bed sometime around October 1st. ”
He suggested that the project he is promoting with partner Andrew Light could bring year-round vibrancy by adding to the critical population of people living in downtown.
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