Gypsum sees flat sales tax receipts for 2016

By Pam Boyd

GYPSUM — Gypsum’s sales tax receipts have been flat so far in 2016, in contrast to other local jurisdictions that have seen double-digit increases.But one of the big contributing factors to that statistic is something no one is complaining about — lower fuel prices. When the price of oil drops, so does Gypsum’s revenue from fuel sales at the Eagle County Regional Airport. According to Gypsum Finance Director Mark Silverthorne, the town has collected $3.2 million in sales tax through July of 2016.“We are down .28 percent, and that comes to about $9,000,” said Silverthorne.In addition to dropping fuel prices, …

Source:: Vail Daily Feed