Wednesday, February 15, 2012

Ketchum LOT continues wild ride

Holiday-season tax receipts up 6 percent


By REBECCA MEANY
Express Staff Writer


Graphic courtesy city of Ketchum Ketchum charges a 2 percent sales tax on lodging and by-the-glass liquor sales, and a 1 percent tax on retail sales and building materials.

The good news in Ketchum's most recent local-option tax figures is that total receipts are up, and three of five categories showed increases.

The bad news is that room receipts posted a fourth straight decrease this fiscal year.

LOT—sometimes called the "tourist tax"—is charged monthly to Ketchum's main business categories, offering a glimpse into the health of the economy as measured by visitor activity.

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

Total receipts for January, reflecting transactions that occurred in December, increased 6.32 percent, or $13,322, over the same month the previous year.

Categories with the biggest gains were liquor receipts, with a 37.2 percent increase, or $6,168, and condominium receipts, up 37.3 percent, or $3,857. So far this fiscal year, liquor is up 11 percent and condos are up 14 percent.

Dave Hausmann, owner of Lefty's Bar & Grill, said his business saw a lot of activity over the holidays.

"We had a really good December," he said. "It was a good tourist season."

He said he's feeling better about the economy, but experience has taught him to not have outsized expectations.

"It's kind of always been a one-day-at-a-time or one-season-at-a-time [business]," he said.

Strong tourist activity didn't show up in the hotel sector, however. Room receipts fell nearly 17 percent, with a $754 drop. The category is down almost 27 percent for the fiscal year.

The "other retail" category declined one percent, taking in $1,645 less than the same month the year before. Fiscal year totals, however, are up 6.76 percent.

Another category—building materials—also posted a strong showing, with a 33.5 percent increase, or $5,695, for a second straight month of increases. The category is down 0.1 percent so far this fiscal year after a rough start.

In the first quarter of the fiscal year, which began Oct. 1, total LOT figures are up 5.14 percent over the same quarter of fiscal 2011.

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.