Sun Valley sets record for annual LOT revenue

The return of in-person events like the Sun Valley Music Festival brought crowds—and record LOT revenue—to Sun Valley in fiscal 2021.

The city of Sun Valley brought in a record-high $2.17 million in local-option taxes in fiscal year 2021, which ended Sept. 30.

The figure represents a strong rebound from the downturn of the COVID-19 pandemic, with LOT receipts up 38% over fiscal year 2020, which ran from Oct. 1, 2019, to Sept. 30, 2020. The collection of approximately $2,174,000 in the last fiscal year was up 6% compared to the total of the pre-pandemic fiscal year 2019, when the city collected approximately $2,058,000.

“That’s an all-time record for us,” Mayor Peter Hendricks announced to the City Council on Thursday, Nov. 4.

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