Friday, January 27, 2012

Sun Valley LOT up sharply in November

Tax receipts jump 36 percent


By REBECCA MEANY
Express Staff Writer

Sun Valley's local-option-tax receipts for November posted a strong gain over the same month the previous year.

Total receipts collected were $46,298, 36 percent higher than last year.

The city imposes a 3 percent sales tax on lodging, by-the-glass liquor sales and event tickets. It also collects a 2 percent tax on most retail sales, and a 1 percent tax on ski-lift tickets and season passes.

The strongest showing was in lodging. That category posted a 52 percent increase from last November, taking in $14,358. The category dipped 19 percent in October-to-October comparisons. Fiscal year-to-date figures show a 1 percent increase in lodging.

Retail receipts rose 30 percent, with a November tally of $29,000. That category plunged 44 percent in October's figures. So far this fiscal year, retail receipts are down 20 percent.

Liquor receipts saw a 29 percent gain, with a collection of $2,939. October's tally was 10 percent behind the same month the previous year. The category is up 4 percent in fiscal year comparisons.

The November LOT was budgeted at $30,463 but came in at $46,298. October's budgeted LOT collection was $63,741. Actual collected amounts fell short, at $49,847.

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 © 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.