Local ski industry looking good

KILLINGTON Vermont ski areas recorded 4,354,621 skier visits for the 2007-08 season, according the Vermont Ski Areas Association at its June 12 annual meeting. This marked a 14 percent increase over the prior years tally, and was well ahead of the industrys 10-year average. The ski industrys improved business levels were welcome news for the Vermont economy in a year when the Vermont legislature faced $25 million in revenue shortfalls for FY09. Total rooms and meals tax receipts for the ski season saw an increase over last year, with the month of February alone exceeding February 2007 by nearly 14 percent. The states sales tax receipts for the season also topped last years totals, with February revenue nine percent ahead of last year. In addition, the Today Shows four-hour national broadcast from Sugarbush garnered immeasurable coverage and exposure for not only Vermonts ski industry but for the entire state. Gov. Jim Douglas offered welcoming remarks to the nearly 200 attendees, and James Chung of Reach Advisors gave the keynote presentation.

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