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<br />New permanent residents to Mineral County wil~ also generate
<br />additional sales tax revenues through local I purchases of
<br />goods and services. The major limitation to !this sales tax
<br />capture is the amount of retail goods and serVices available
<br />locally. If the goods cannot be purchased on~site the sales
<br />will flow out of Mineral County to Archuleta' County and to
<br />other areas. :
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<br />Mineral county's current sales tax rate is lone percent on
<br />taxable goods (most grocery items are Inot taxable).
<br />Expected sales tax to Mineral County from perrrianent residents
<br />is shown in Table IV-32 below. I
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<br />T1lBLE IV-31 !
<br />MlNERAL CY'IlNI'V RM.RR TAX. RE\1EliI1ES J\I"fWt1RTRrJI'a11f'.R TO SKIERS
<br />1995-2020. AL'l'ERNl'lT~ 'R<<) - 'I'IIREE '
<br />
<br /> Alternatives Alternative Alternative
<br /> Two & Three Two Three
<br /> 1995 2005 lQ21l. lQ21l.
<br />ANRTAL EXPENDrroRES
<br />In Mineral County $ 1,847,164'
<br />Day Skiers $ 662,388 $ 1,450,149 $ 1,847,075
<br />Tourist Lodging in !
<br />Mineral $27,687,090 $47,795,373 $76,472,5~ $73,074,358
<br />Archuleta $ 1.350.178 $ 7.191.372 $ 5.787.26(1 $ 3.544.067
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<br />Total in Mineral I
<br />County $29,700,196 $56,436,894 $84,107,027 $78,464,400
<br />Total Taxable $23,744,636 $44,283,732 $66,932,57~ $62,694,767
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<br />Total Taxes at 1% $ 237,446 $ 442,837 $ 669,326 $ 626,948
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<br />N::Yl'E: There would be no additional sales tax revenues attributlmle to
<br />skiers under Alternative One
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<br />Source: Hammer, Siler, George Associates
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<br />T1lBLE IV-32
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<br />NT.!> =~:~~~~=-2020
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<br /> ~ ~ 2Q2O.
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<br />Per capita Income $11,830 $14,421 $19,409
<br />Annual Sales Taxes Collections:
<br />1Ilternative One $ 2,603 $ 7,871 $19,950
<br />Alternatives TWo & Three $ 4,372 $11,104 $25,777
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<br />11 1984 constant dollars
<br />Source: Hcumrer, Siler, George AssOC iates
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<br />232
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