LOT receipts hold firm
Tourism-tax revenues up sharply in
Ketchum
By GREGORY FOLEY
Express Staff Writer
Tourism-based local-option taxes in
Ketchum and Sun Valley are continuing to provide solid revenues for the two
cities.
The city of Ketchum in May 2004 received
approximately $112,000 in LOT revenues, up more than 15 percent from LOT
receipts in May 2003. The figure is higher than any other in the last six years
for LOT receipts in the month of May.
For the 2003-2004 fiscal year, which
started last October, the city has collected approximately $1,382,000 in LOT
revenues, up more than 8 percent from the amount collected through the same
period in the 2002-2003 fiscal year.
Through May, the city has collected
approximately $43,000 more from LOTs than estimated in the 2003-2004 fiscal year
budget.
Tax receipts from retail sales, hotel-room
rentals, liquor sales and building-material sales were up for the month of May.
Condominium receipts were down 18 percent for the month but for the fiscal year
are running more than 33 percent higher than in 2002-2003.
The city of Sun Valley in May collected
just over $37,000 from LOT sources, a less-than-1-percent increase from revenues
in May 2003.
Through the first eight months of the
2003-2004 fiscal year, Sun Valley has collected just over $570,000 through the
assessment of LOTs. The figure represents an approximately 6 percent increase in
revenues compared to the first eight months of the 2002-2003 fiscal year.