Economic presentation flags risk to sales-tax receipts; retail, accommodation and construction highlighted

Staff presented an updated build‑out analysis and economic overview intended to inform the town’s budget projections and capital planning, and recommended caution given recent negative market signals and supply‑chain risks.

“The signs are not good out there,” Staff member said during the presentation, pointing to recent market volatility and possible tariff impacts that could slow construction and retail activity. Staff framed the talk around national and regional headwinds (tariffs, weaker manufacturing and construction spending, and declining retail activity) and local revenue composition.

Why it matters: staff said roughly “60% plus or minus of our revenues is local sales tax,” making the town particularly sensitive to changes in retail, lodging and construction markets. The…