Friday, February 10, 2006

Holiday condo, liquor receipts make strides

Express Staff Writer

The two losers last month in Ketchum's local option tax receipts—condos and liquor by the glass—were the top producers this month.

Ketchum's LOT receipts rung up in December, as reported to the city in January, totaled $277,796. Last January's take was $245,047.

Condo receipts came in at $20,609, a 28.25 percent increase over January 2005.

Receipts for liquor by the glass show that people were getting into the holiday spirits. Those receipts amounted to $25,637, a figure more than 21 percent higher than the previous take of $21,158.

Every other category for which LOTs are collected also posted gains, and every category is ahead of last year's to-date figures.

"Other retail" receipts jumped more than 12 percent from last January, coming in this year at $183,822.

Receipts from building materials came in at $39,429, a number nearly 10 percent higher than last January.

Room receipts rose a modest 2.3 percent to register $8,300 this January.

LOTs received so far this fiscal year are 8.44 percent ahead of last year's: $731,958 to $674,981.

The city of Ketchum imposes a 2 percent sales tax on condos, hotels and liquor by the glass, and a 1 percent tax on items in the other categories.

The money goes into the city's general fund and helps defray expenses related to providing public services and making capital improvements.

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