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Produced & Maintained by Idaho Mountain Express, Box 1013, Ketchum, ID 83340-1013 
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Copyright 2003 Express Publishing Inc.
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Wednesday, July 14, 2004


LOT receipts hold firm

Tourism-tax revenues up sharply in Ketchum

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.


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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.