Tuesday, December 24, 2013

Hailey LOT revenues up over last yea

Food and alcohol sales down

Express Staff Writer

    Despite the devastating Beaver Creek Fire that burned more than 110,000 acres last summer, local-option-tax revenues for fiscal year 2013 increased in Hailey, compared to the previous year.
    Local option taxes are collected from receipts on hotel rooms, rentals cars, and food and alcohol sales at restaurants.
    In 2014, the city will collect for the first time an additional 1 percent LOT from hotel and lodging sales for maintaining and promoting commercial air service at Hailey’s Friedman Memorial Airport.
    The total LOT revenue in Hailey from fiscal year 2013 was $347,790, up from $335,014 in 2012. The fiscal year starts on Oct. 1.
    City Administrator Heather Dawson said the Beaver Creek Fire had less of an impact on Hailey’s economy than it did on Ketchum and Sun Valley’s.
    “There was a lot of hotel use by firefighters and other officials who were not staying at the fire camp,” Dawson said. “We were housing evacuees in Hailey at the Red Cross shelter, so there was more activity here.”
    The city’s latest monthly local-option-tax revenues (from October 2013) were $24,015, down from $24,727 in October 2012.
The amount collected from lodging and car rentals was $12,964, up from $10,989 the previous October. The amount collected from alcohol sales was $2,980, down from $3,906 last year.
The amount from restaurant food sales was $8,070, down from $9,831 in October 2012.
    Last year, the city collected $180,541 from hotels and lodging. Based on that amount, the city could collect about $240,000 next year from the same category, thanks to the “one-percent for air” LOT increase that was passed by voters in November.
    “We anticipate receiving at least $60,000 to contribute to the Air Service Board for 2014,” Dawson said.
Tony Evans: tevans@mtexpress.com

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