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City reports non‑property tax receipts up year‑over‑year; property tax collections lag but expected to catch up
Summary
Jackson City finance staff reported non‑property tax revenue is about 4.5% higher year‑to‑date and $923,000 ahead of last year, while property tax collections lag by roughly $238,000 with approximately $4 million remaining to be collected.
Finance staff told the Jackson City Budget Committee that non‑property tax revenue is averaging about 4.5% higher than the same period last year and that year‑to‑date collections are $923,000 above last year’s level. The report said that earlier timing variations in JEA in‑lieu payments recovered in the most recent month and that officials expect more receipts in the coming month.
On property taxes, staff said collections are roughly $238,000 below the same period last year but that approximately $4 million remains to be collected for the fiscal year compared with about $3.5 million at the same point last year. “Everything’s basically in line as far as revenue goes,” Finance staff said while answering committee questions.
A committee member asked how the term “appropriate funds” is being used in the budget amendments and whether capital items would require transfers from the general fund to the capital outlay fund; staff replied that these specific items will be funded from fund balance and that a capital transfer would be made only if necessary. Staff also suggested the committee could address detailed questions about the term during review of the related budget amendments.
No formal vote was taken on the revenue report; it was presented as informational to frame later budget amendment decisions.
