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  • Cheryl Concannon M.A., SRS, Realtor

The Ketchum LOT Receipts Increased in February

The City will rework revenue projections due to the shutdown.

Ketchum’s local-option tax collection numbers for March, which show receipt collections for the month prior, saw a 14 percent increase compared to last year.

Room receipts saw an increase of 37 percent compared to the previous year, with $35,966 collected, an increase of over $9,000 from last year.

Condominium receipts had an increase of nearly 20 percent, with $27,188 collected in February, compared to $22,672 collected the same time last year.

Ketchum collected $31,280 in liquor receipts; a 7 percent increase compared to last year’s $29,072.

Building material receipts saw an increase of 65 percent, compared to last year. This February the city collected $20,588 compared to last year’s $12,430.

In total, the city collected $265,137 in local-option taxes in February. They include condo and room rentals and liquor-by-the-drink sales at a 3 percent tax rate, and retail items not including groceries taxed at 2 percent.


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