Friday, February 14, 2014

Sun Valley reports solid LOT receipts

City tax revenues up 3 percent in November


    The city of Sun Valley reported solid revenue from November 2013 local-option-tax receipts, bringing in about $42,700, a 3 percent increase from the $41,350 accumulated in November 2012.
    LOT receipts were up for both the retail and lodging sectors. Sun Valley earned $26,945 in retail receipts, a 6 percent increase from the $25,530 generated in November 2012.
    Lodging earned the city $13,570, up 4 percent after racking up $13,000 the previous year.
    However, not all LOT receipts increased compared to the November of the previous year. Liquor receipts totaled $2,220, down 21 percent from the $2,800 the city got in November 2012.
    For the year-to-date totals, the city of Sun Valley has brought in $101,265, up 4 percent from the $97,615 generated from the first two months of fiscal year 2012-13.
    In terms of year-to-date receipts on retail, the city had a 4 percent increase, from $55,970 earned in fiscal year 2012-13 to $55,490 in the current fiscal year.
    Additionally, year-to-date lodging receipts are also up 4 percent, going from $34,725 last fiscal year to $36,150 in the current fiscal year.
    Liquor receipts are also down on the year-to-date scale, falling from $6,915 in 2012-13 fiscal year to $6,625 during this year.

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