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City staff: revenues up about 5% year over year; property-tax assessment adds roughly $819,000 for tax year 2025
Summary
City finance staff reported overall revenues are averaging about 5% higher than the same period last year, outlined recent assessment increases and new construction that together could yield roughly $819,000 in additional property-tax revenue for tax year 2025, and projected further gains as pilot agreements expire.
Speaker 1 (Unidentified Speaker) told the Jackson City Budget Committee that the city's overall revenues are "currently averaging about 5% higher than the same period last year," while cautioning that November is typically a down month because sales- and property-tax receipts lag and a payment in lieu of tax from the Jackson Energy Authority varies in November.
Speaker 1 said property-tax collections are "on track" and…
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