The Breckenridge Town Council unanimously voted to adopt the town’s 2022 budget at its Nov. 23 meeting, and town staff called it the first normal budgeting process since 2019. “This budget restores a lot of.
Sales tax revenue continues to gauge some of the economic impacts of the COVID-19 pandemic on various business sectors across the county. In November, there was a mix of increases and decreases in sales tax revenue with Silverthorne, Breckenridge and Frisco showing fairly modest growth in year-over-year revenue, while Dillon and Summit County saw a decline.
Effects on certain business sectors vary from town to town as well. While all restaurants were ordered to close to in-person dining on Nov. 22, Frisco’s restaurant category was slightly up for sales tax revenue for the month, while Breckenridge’s restaurant and bar sector took a sharp downturn.
Breckenridge Town Council has finalized plans for a business rent relief program. Town staff hopes to have applications available for businesses by Monday, Jan. 4.
As businesses continue to struggle with the financial impacts of COVID-19 restrictions, Breckenridge Town Council is rolling out a grant application process to help keep businesses afloat.
The grants are designed to help cover January and February rent in a tiered format based on how much of a decrease in sales a business has experienced.
The council first discussed the tiered grant program at a special council meeting Dec. 22 and met again Tuesday, Dec. 29, to hammer out the details. Council decided the decrease in sales should be calculated from March through November and compared with the same nine-month period in 2019. The figures are based on sales taxes that are remitted to the town.