Friday, January 27, 2012

Sun Valley LOT up sharply in November

Tax receipts jump 36 percent

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:

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