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Work will help Town Council decide on election in 2021 Staff report The town of Basalt has appointed volunteers to assess capital needs, solicit input from citizens and make recommendations on how to proceed to the Town Council. The appointment of the Capital Needs Committee was part of the Basalt Forward 2030 project. The project is a council-approved initiative to take recommendations from the 2020 Master Plan as well as a professionally prepared Facility Needs Study to identify and prioritize capital improvements. “The project may lead to Town Council asking voters in November 2021 to approve bonds and a property tax extension to help finance projects that are identified through the process and supported by the community,” said a news release from the town government. “The Town has an opportunity to seek voter approval for bonding to complete projects, without seeking a tax increase.” ....
Basalt got a financial windfall during the pandemic year because of an unexpected consumer spending frenzy. A preliminary year-end sales tax report shows sales tax revenue increased 14.3% over 2019, according to town of Basalt finance director Christy Chicoine. The December sales tax report, which reflects actual sales in November, was up 8%, she told Basalt Town Council at its meeting Tuesday night. Exact year-end figures weren’t available yet because Chicoine is awaiting more information before finalizing the report. Basalt will reap more than $7 million in sales tax revenue for 2020. The town ended up collecting about $200,000 more than anticipated for its general fund, Chicoine said. A separate sales tax dedicated for use for parks, open space and trails reaped about $90,000 more than forecast. ....