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Friday — March 5, 2004


Sun Valley LOT revenues make slight gain in January

Express Staff Writer

Local option tax receipts for the city of Sun Valley rose slightly in January, affirming earlier reports that the resort-area economy is improving.

Sun Valley city officials reported this week that the city brought in just over $91,000 in LOT revenues in January, a gain of 6 percent over LOT receipts from January 2003.

The monthly totals also bettered those of January 2002, indicating that the city’s economy is indeed showing signs of recovery from a sharp downturn in business that started after the Sept. 11, 2001, terrorist attacks and continued through the onset of the 2003 war in Iraq.

In January, the city recorded LOT retail-sales receipts of approximately $35,000, a 19 percent increase over the same month the previous year. Lodging-related LOT receipts were down 2 percent for the month.

In a Feb. 26 presentation to the Sun Valley City Council, Carol Waller, executive director of the Sun Valley-Ketchum Chamber & Visitors Bureau, said the local economy is showing tangible signs of improvement.

Waller noted that Sun Valley LOT revenues for October, November and December 2003—the first three months of the 2003-2004 fiscal year—were up 5 percent over the same quarter the previous fiscal year.

Waller emphasized to council members that although the region’s economic indicators are increasingly positive, local administrators and advocates will have to stay diligent in working to attract visitors.

Along with property-tax revenues, LOT receipts are a critical source of income for the city. In the current fiscal year, the city is expected to receive approximately one-third of its general-fund income from LOTs.

Through the first four months of the 2003-2004 fiscal year, Sun Valley LOT revenues are up 6 percent compared to the same period during the previous fiscal year.


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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.