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Jackson City finance staff flags mixed revenue trends as Munis budgeting system launches
Summary
Finance staff told the Jackson City Budget Committee that some sales-tax categories are down year-over-year even as overall non-property tax revenue is up; the committee reviewed a new Munis-based budget process and set next steps for hearings and deadlines.
Finance staff reported mixed revenue signals to the Jackson City Budget Committee, saying local option sales tax receipts were nearly $300,000 below the same period last year while state sales tax receipts were about $80,000 below last year for the same period. At the same time, overall non-property tax revenue is averaging 2.43% higher than the same point last year, and the city has collected $546,000 more in non-property tax revenue year-to-date.
The update, delivered during the…
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