Jackson City budget committee hears revenue update, approves grant and settlement amendments and gets audit timeline

At a Jackson City Budget Committee meeting, members approved a set of budget adjustments and heard updates on nonproperty tax revenue, property-tax collections tied to a new billing system, and the city's fiscal-year audit schedule.

The finance presenter told the committee that August nonproperty tax revenue ran slightly ahead of expectations, with local option sales taxes about $32,000 higher and other sales taxes about $21,000 higher than the same period last year. "We collected $97,000 less in nonproperty tax revenue than we had at the same time last year," said a finance staff member. Year-to-date general fund operating expenses were running at about 15% of budgeted amounts versus an expected 16.6% at this point in the year.

Committee members approved three formal budget actions by voice votes. The committee moved $21,700 from the street maintenance operating-supplies account to street-department resurfacing to pay for contracted resurfacing work that staff said would have been done in-house if a new trailer had already been available. The committee also approved a budget amendment recognizing a Tennessee Department of…