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Project Ketchum

Project Ketchum

City of Ketchum

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The City of Ketchum’s budget documents have been designed to promote transparency and public understanding.

Budget and City Finances

After two years of unprecedented growth and change in our small mountain town it feels like we are at an inflection point where both the economic and social outlook lacks visibility. Is growth set to continue? Is a possible recession going to slow things down? Is inflation going to limit our investment in capital improvement projects? Will housing costs continue to escalate? While property values may have increased significantly, by state law our property tax revenue can only increase by 3%. This is far below the cost increases that we are witnessing. This disparity between the rate of revenue growth and rate of inflation creates a squeeze on our budget.

Read the Adopted Budget Book Here.

Frequently Asked Questions

What are Ketchum’s projected revenues for FY23?
Projected revenue: $35,365,435
What are Ketchum’s projected expenditures for FY23?
Projected expenditures: $35,365,435
How are the collected LOT funds distributed?
Proposed budget: $2,846,469

Other:

  • Consolidated Dispatch – 5.3%
  • Sun Valley Economic Development – .5%
  • Idaho Dark Sky Alliance – .1%
  • Friends of the Sawtooth Avalanche Center – .1%
  • Mountain Humane – .1%
  • Granicus (Short-term rental program) – 1%
How are funds for the Capital Improvement Plan distributed?
Proposed budget: $2,549,374

FY23 Revenue Sources

  • FY23 Revenue Sources
    • Donations – $1,000,000
    • Idaho Power Franchise – $265,000
    • Use of CIP Fund Balance – $938,246
    • Use of LOT Fund Balance – $ 131,128
    • Fire Bond Balance – $115,000
    • Police Contract Rebate – $100,000

Related Resources

  • View the 2022.2023 Adopted Budget here.
  • View previous budgets and financial reports here.

Timeline

April

Budget hearing notification to Blaine County.

May

Staff budget development.

June

Draft budget book posted.

July

Public hearing and outreach.

August

Readings of the ordinance.

September

Budget submitted to the County.

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PO Box 2315 | 191 5th St. West | Ketchum, ID 83340 | 208.726.3841