Idaho Mountain Express: Sun Valley LOT up sharply in November

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

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