Wednesday, November 2, 2011

Ketchum’s LOT up in 2011


By REBECCA MEANY
Express Staff Writer

Fiscal year-end totals for Ketchum's local-option tax revenues have come in over what the city anticipated.

The city finished fiscal 2011 with $1,638,904, or $15,881 more than what City Administrator Gary Marks estimated.

It's also a 12.9 percent increase over the prior year.

Marks said much of that can be attributed to the city's annexation of 138 acres of Sun Valley Resort property at the base of Bald Mountain's River Run last year. But, he added, "there was some improvement shown in the overall economy."

The city can't legally provide LOT numbers for a specific business, such as Sun Valley Resort, so it's impossible to know exactly how much of that increase is due to River Run. LOT is collected at River Run on transactions such as lift tickets, liquor sales and merchandise.

Now that River Run has been part of Ketchum for a full fiscal year, and therefore its sales subject to the LOT, next year's LOT figures will provide a better year-to-year comparison and indication of the city's economic health.

"From here on, it'll be much clearer what's going on," Marks said.

Details on the LOT will be made available in the coming weeks.

Rebecca Meany: rmeany@mtexpress.com




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 mtexpress.com 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 © 2019 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.