Wednesday, October 12, 2011

Ketchum LOT shows signs of life

Retail makes gains, building materials finally post double-digit increase

Express Staff Writer

Ketchum retailers may still be struggling, but the city's local-option taxes indicate they are having a slightly easier time of it than last year.

Ketchum's total LOT receipts for September, representing sales activity in August, are up 13.5 percent over the same time last year.

Ketchum imposes a 2 percent sales tax on lodging and by-the-glass liquor sales, and a 1 percent tax on retail sales and building materials.

Retail receipts posted a 14.3 percent increase over the same month last year, for a $21,746 gain. So far this fiscal year, that category is up 19 percent.

Building materials receipts also made a strong showing, up nearly 17 percent, or $2,801, over last September's figures. That's the highest gain that category has seen since last fall. Overall, building materials still are down 5.5 percent in fiscal-year totals.

Condominium receipts logged a 23 percent increase, or $1,153. That category is up nearly 15 percent compared with the same point last fiscal year.

Hotel room receipts, however, do not reflect the return of the visitor. LOT receipts collected in August were down 3.6 percent over last August, about the same amount the category is down so far this fiscal year.

Liquor receipts posted a slight but disappointing decline of .05 percent, or $12. The category is showing an 8 percent increase so far this fiscal year.

"With retail up over 14 percent in the September report (on August activity) and room receipts down nearly 4 percent, it appears the local economy, overall, is still struggling," said City Administrator Gary Marks. "Nevertheless, overall tax collections were up over 13 percent in the September report, and that is good news."

In the second-to-last month of the fiscal year, which ended Sept. 30, LOT figures are up 13 percent in year-to-date totals. There will be one more month of LOT reporting before the fiscal year totals can be ascertained.

Voters will decide Nov. 8 whether to renew the local-option tax. The ordinance that established it expires at the end of 2012.

Rebecca Meany:

About Comments

Comments with content that seeks to incite or inflame may be removed.

Comments that are in ALL CAPS may be removed.

Comments that are off-topic or that include profanity or personal attacks, libelous or other inappropriate material may be removed from the site. Entries that are unsigned or contain signatures by someone other than the actual author may be removed. We will take steps to block users who violate any of our posting standards, terms of use or any other policies governing this site. Use of this system denotes full acceptance of these conditions. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post.

The comments below are from the readers of and in no way represent the views of Express Publishing, Inc.

You may flag individual comments. You may also report an inappropriate or offensive comment by clicking here.

Flagging Comments: Flagging a comment tells a site administrator that a comment is inappropriate. You can find the flag option by pointing the mouse over the comment and clicking the 'Flag' link.

Flagging a comment is only counted once per person, and you won't need to do it multiple times.

Proper Flagging Guidelines: Every site has a different commenting policy - be sure to review the policy for this site before flagging comments. In general these types of comments should be flagged:

  • Spam
  • Ones violating this site's commenting policy
  • Clearly unrelated
  • Personal attacks on others
Comments should not be flagged for:
  • Disagreeing with the content
  • Being in a dispute with the commenter

Popular Comment Threads

 Local Weather 
Search archives:

Copyright © 2020 Express Publishing Inc.   Terms of Use   Privacy Policy
All Rights reserved. Reproduction in whole or in part in any form or medium without express written permission of Express Publishing Inc. is prohibited. 

The Idaho Mountain Express is distributed free to residents and guests throughout the Sun Valley, Idaho resort area community. Subscribers to the Idaho Mountain Express will read these stories and others in this week's issue.