Friday, January 20, 2012

Ketchum LOT inches up

Building materials jump


By REBECCA MEANY
Express Staff Writer

The down economy has pummeled the construction industry, but building-materials suppliers had at least one good month recently.

The city's local-option tax receipts for December, showing business activity in November, posted a 1.82 percent increase over the same month the previous year. Total receipts so far for the fiscal year, which began Oct. 1, are up 4.38 percent.

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

Two categories showed steep declines in the latest figures—room receipts and condominium receipts—but the three other categories posted increases.

"It looks like a continuation of what we've been observing," said City Administrator Gary Marks. "The retail economy seems to be flat or improving slightly and yet the hospitality industry continues to fall."

"Maybe the bright light on this is that construction is up," he added. "They've been down consistently in the downturn."

Liquor receipts posted a 6.5 percent gain, or $555, though they're down 1 percent in year-to-date comparisons.

The "other retail" category saw a tiny 1.65 percent increase, or $1,023. That category is up 12.75 percent from last year at this time, however.

Most surprising is the 15.2 percent increase, or $1,999, in building materials over the same month last year. Exact reasons for that increase can't be pinpointed because the city is not allowed to release figures for particular businesses, but Ketchum building official Cedric Knehans said the numbers could reflect building upgrades rather than new construction.

"We've got remodel jobs," he said, but added, "I'm not inundated with permit applications at this point."

The building materials category is down 10.57 percent in year-to-date comparisons.

Room receipts for November activity plunged nearly 40 percent, or $1,226, from the same month last year. That category is down 29 percent so far this fiscal year.

Condo receipts fell 44 percent, taking in $735 less than the same month last year. Fiscal-year totals show a 16 percent decrease.

The latest figures are yet another painful sign that the tourism industry has yet to bounce back.

Locals are continuing to go about their lives, Marks said, "but the visitors aren't coming like they used to."

LOT receipts for the important December holiday period should be available in February.

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.