After strong run, Ketchum sales tax revenue dips slightly | Company

Local options tax revenue in Ketchum fell for the first time this fiscal year in May, after setting a record pace in the previous eight months.

The city collected just under $198,000 from businesses last month for LOT receipts in May, down 3.3% from the roughly $204,500 collected from sales in May 2021. Over the nine first few months of the fiscal year, the city raised approximately $2.6 million.

In the first eight months of FY 2021-22, Ketchum’s LOT revenue was significantly higher than the record FY 2020-21, with higher amounts collected each month. From September 2021 to April 2022, Ketchum Companies collected approximately $2.4 million in local option taxes, compared to approximately $2 million collected in the same months last year.

Potential drop in tourism could impact LOT revenues

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