Here’s how this year’s summer sales tax collections compare to last year’s in Summit County.

In terms of sales tax collections, the summer of 2024 for municipalities in Summit County was very similar to the summer of 2023. Many of the city’s finance departments describe year-over-year revenue growth as “stable” with some minor variations in revenue. Summit County government sales have plummeted.

Silverthorne, Frisco and Breckenridge saw slight increases in revenue, while Dillion saw slight declines.

Partly because Keystone became a city in February 2024, summer sales tax collections in Summit County look very different compared to 2023 and 2024.

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Summit County’s website says the Keystone consolidation resulted in a sales tax reduction of about a third. After incorporation in February, the city began receiving a 2% county sales tax on 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 drop in collections from last year, with the district collecting $817,058 in 2023 and $548,044 in 2024. The county also saw a fairly significant drop in August. will raise $730,018 in 2023 and $512,154 in 2024.

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Breckenridge’s summer 2024 sales tax collections are mostly in line with summer 2023 numbers, with a slight increase in August.

Compared to June 2023 and 2024, the city saw little 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 than other summer months. In July 2023, net taxable sales in the city were $75,058,760, and in 2024, that figure rose about 1% to $76,081,134 in net taxable sales. In August, growth was more than 6% year over year, with net taxable sales in the city of $63,641,424 in 2023 and $67,735,082 in net taxable sales in 2024.

Breckenridge Revenue Manager Pam Ness presented summer financial results to the Breckenridge City Council at its Oct. 22 meeting and said increased sales at retail stores, restaurants and bars contributed to August being a “profitable” month for the city. In August, retail revenue was up 13% year-over-year, and restaurant and bar sales were up nearly 10.5% year-over-year.

In terms of taxable home sales in Breckenridge, the situation has remained essentially the same year over year, Ness said. The city saw a 3% year-over-year increase in taxable home sales in June, a decrease of nearly $7 in July and an increase of nearly 0.4% in August.

Frisco Chief Financial Officer Leslie Edwards said the city had an “overall good summer” for sales taxes, with collections for the summer months up 4.3% from last year.

While Breckenridge saw the largest increase in August, Frisco saw the largest increase in July. Sales tax collections in Frisco jumped 6.7%, with the city collecting $630,439 in 2023 and $672,387 in 2024. In June, the city saw a 4% year-over-year increase, collecting $527,341 in 2023 and $548,583 in 2024. August saw the smallest increase with the city collecting $594,837 in 2023 and $611,105 in 2024.

Edwards said the building materials and hospitality sectors “have been particularly resilient.”

Between 2023 and 2024, Frisco saw a 38.4% increase in hotel and lodging sales tax collections in June, a 32.2% increase in July, and a 30.9% increase in August. Monthly construction sales tax collections in Frisco are up 19% to 24% year over year in 2024, with the exception of January, which was up just 8%.

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

Silverthorne Chief Financial Officer Laura Kennedy said the city’s 2024 tax collections are roughly equal to 2023 tax collections overall. Collections increased in June and July, with a slight decrease in August compared to 2023, she said.

Silverthorne collected $1,577,659 in sales tax in June 2023 and $1,617,491 in 2024. In July, sales tax collections were up 8% year over year, with Silverthorne collecting $1,427,421 in 2023 and $1,542,848 in 2024. In August, the year-over-year decline was almost 1.6%. per year, with the city collecting $1,521,058 in 2023 and $1,496,910 in 2024.

The city’s June-August sales tax collections were fairly stable year over year at $2.7 in 2023 and $2.5 in 2024, according to Dillon Finance Director Mary Kay Perrotti.