In a recent government meeting, council members engaged in a detailed discussion regarding potential tax proposals for the upcoming November ballot, emphasizing the need for a strategic approach to ensure community support and financial stability for the town of Jackson.
Council member Schechter initiated the conversation by presenting eight foundational questions aimed at simplifying the complex issue of taxation. He expressed his reluctance but willingness to consider placing a new tax proposal on the ballot, advocating for a single tax option rather than multiple proposals, which he believed could lead to failure. Schechter suggested a Special Purpose Excise Tax (SPET) as the most viable option, citing concerns about the community's trust in a general penny tax.
The discussion also touched on the proposed tax rate, with Schechter favoring a full penny over a half penny, arguing that the political implications were negligible and that a full penny would better meet the town's financial needs. He highlighted that a 1% tax could generate approximately $23.5 million in the first year, based on recent taxable sales figures.
Additionally, the council explored the possibility of revisiting the joint funding arrangement with the county. Schechter proposed using the most recent audited financials from both entities to establish a transparent and fair funding formula, advocating for a permanent solution rather than a temporary one. He also indicated a preference for implementing changes based on the outcome of the tax vote, though he expressed a willingness to compromise on this point.
The meeting underscored the council's commitment to addressing the town's financial challenges while seeking to engage the community in the decision-making process. As discussions continue, the focus remains on crafting a tax proposal that aligns with the town's needs and garners public support.