local weather Click for Sun Valley, Idaho Forecast
 front page
 classifieds
 calendar
 public meetings

 previous edition

 recreation
 subscriptions
 express jobs
 about us
 advertising info
 classifieds info
 internet info
 sun valley central
 sun valley guide
 real estate guide
 homefinder
 sv catalogs
 hemingway
Produced & Maintained by Idaho Mountain Express, Box 1013, Ketchum, ID 83340-1013 
208.726.8060 Voice
208.726.2329 Fax

Copyright 2003 Express Publishing Inc.
All Rights reserved. Reproduction in whole or in part in any form or medium without express written permission of Express Publishing Inc. is prohibited. 


Wednesday, July 14, 2004

News

LOT receipts hold firm

Tourism-tax revenues up sharply in Ketchum


By GREGORY FOLEY
Express Staff Writer

Tourism-based local-option taxes in Ketchum and Sun Valley are continuing to provide solid revenues for the two cities.

The city of Ketchum in May 2004 received approximately $112,000 in LOT revenues, up more than 15 percent from LOT receipts in May 2003. The figure is higher than any other in the last six years for LOT receipts in the month of May.

For the 2003-2004 fiscal year, which started last October, the city has collected approximately $1,382,000 in LOT revenues, up more than 8 percent from the amount collected through the same period in the 2002-2003 fiscal year.

Through May, the city has collected approximately $43,000 more from LOTs than estimated in the 2003-2004 fiscal year budget.

Tax receipts from retail sales, hotel-room rentals, liquor sales and building-material sales were up for the month of May. Condominium receipts were down 18 percent for the month but for the fiscal year are running more than 33 percent higher than in 2002-2003.

The city of Sun Valley in May collected just over $37,000 from LOT sources, a less-than-1-percent increase from revenues in May 2003.

Through the first eight months of the 2003-2004 fiscal year, Sun Valley has collected just over $570,000 through the assessment of LOTs. The figure represents an approximately 6 percent increase in revenues compared to the first eight months of the 2002-2003 fiscal year.


Homefinder

City of Ketchum

Formula Sports

Windermere

Edmark GM Superstore : Nampa, Idaho

Premier Resorts Sun Valley

High Country Property Rentals


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.





|