City sales taxes exceed projections
Wednesday, November 28, 2012
Sales tax figures in Jefferson City have come in higher than projected in the first month of the new fiscal year.
At the Finance Committee meeting Tuesday, the city reported November sales tax receipts for the 1 percent general sales tax came in $103,404 above projections. The half-cent capital improvement sales tax came in $29,202 higher and the half-cent parks sales tax came in $50,214 above projections.
The city’s lodging tax collections were reported at $1.448 million from May 2011 to October 2012. Of the total funds collected, three of the seven cents goes to the Jefferson City Convention and Visitors Bureau, and the rest goes to the city’s conference center fund. That fund was reported at $810,986, with an average monthly collection of $47,705.