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Jackson City finance staff report mixed tax picture: nonproperty receipts up modestly, hotel‑motel tax down
Summary
At a Jackson City budget committee meeting, city staff said nonproperty tax revenue is averaging about 1.94% higher year‑over‑year but local option sales taxes lag and hotel‑motel tax is down roughly $80,000 year‑to‑date; property assessments rose substantially and are expected to increase next year’s billings.
City finance staff told the Jackson City budget committee that nonproperty tax revenue is slightly higher than a year ago while some local sales and tourism‑related receipts are sagging.
A city staff member said nonproperty tax revenue was “averaging about 1.94% higher than the same period last year,” noting local option sales taxes were about $70,000 lower than the same period last year while state sales tax receipts were about $33,000 higher.
The staff member also said hotel‑motel tax “is down for the year $80,000 year to date,” and described tourism‑related revenue as a signal worth watching: “This isn't exactly a red alert, but it is something we are watching closely.”
On property tax, staff reported collections are roughly in line with last year so far and that the city has collected about $374,000 more year‑to‑date than the comparable period last year. Officials said about $1,600,000 remains to be collected this fiscal year.
Looking ahead, the city said state‑shared revenue projections suggest about $52,000 more for the general fund in the coming budget, and staff reported that assessed real and personal property value increased by more than $130 million since the last billing. That assessment growth is expected to translate into “a bit more than $2,000,000 in property tax billings in the coming tax year,” the staff member told the committee.
Committee members asked about the drop in tourism receipts. A committee member asked, “You may have mentioned it, why the tourism portion is down?” The staff member said they do not have a definitive cause but suggested some consumer reticence and a shift to cheaper options could be factors.
The revenue update was presented as part of the committee’s work reviewing the draft budget; staff said they will continue to monitor trends and that other jurisdictions are seeing similar patterns.
