Wednesday, May 10, 2006

Building receipts make strong showing

Express Staff Writer

Mike Taylor, working Friday at Anderson Lumber Co. in Ketchum, has reason to smile. Local option taxes collected in March, and reported to the city in April, show building materials receipts as the category that rose the most compared with last April, coming in with a 12 percent increase. Photo by David N. Seelig

Building materials surged ahead of all other categories in Ketchum's local option tax receipts in March.

The total take for March, reported to the city in April, was approximately $193,600, 1.3 percent over last April's numbers.

Building materials receipts registered $37,034, nearly 12 percent more than last April's figure.

Liquor receipts showed a 7.3 percent gain from last year, with this April's numbers coming in at $21,166.

Condominium receipts rose more than 7 percent from last April's figure: $14,326 compared with $13,387 last year.

Retail receipts dipped more than 3 percent, coming in at $110,509.

Room receipts, too, posted a loss. This April's figure of $10,567 is 3.6 percent less than last year.

Despite the strong showing in some categories, the figures are $5,254 less than budgeted for April.

The city's LOT income is still $91,729 ahead of budget so far this fiscal year.

Year-to-date figures in all categories are on the plus side, with condominium receipts the biggest gainer, at 11.72 percent over last year. Room receipts take a close second, showing an 11 percent rise over the same period last year. Retail marked a 5.87 increase, while liquor receipts rallied to a 3.78 percent rise.

Building receipts, April's biggest gainer, holds the second-to-last place in year-to-date totals, at 4.1 percent.

The city of Ketchum collects a 2 percent sales tax on vacation rentals, hotel rooms 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 pay for public services impacted by tourism, as well as capital improvements around town.

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