Friday, March 10, 2006

Ketchum LOT receipts on plus side

Express Staff Writer

With a mostly modest showing, all categories of Ketchum's local option taxes came in higher last month than the same period last year—the second month in a row with all percentages on the plus side.

Ketchum's LOT receipts for January, as reported to the city in February, totaled $177,039.

That represents a nearly 4 percent increase over the same month last year and is approximately $16,000 more than budgeted for the month.

Room receipts saw the biggest gain. Numbers in that category totaled $9,910, nearly 17 percent more than the same month last year.

Condo receipts came in at $17,608, an approximately 16 percent increase over February 2005.

Receipts for liquor by the glass were bumped up just over 5 percent, reaching $19,567 this February.

The "other retail receipts" category showed a tiny gain, amounting to $106,669, or about 1 percent more than the same month last year.

Receipts from building materials came in at $23,285, or just under 4 percent more than last February.

LOTs received so far this fiscal year are 7.51 percent ahead of last year.

The city of Ketchum collects 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 capital improvements.

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