Sales tax falls short of estimates
Wednesday, August 28, 2013
Jefferson City sales tax numbers have missed the mark yet again, with overall sales tax revenues coming up short for the year and only four months left of collections.
August receipts, which reflect collections from June, show the 1 percent general sales tax fell $10,681 short of projections. Though July receipts came in $74,656 higher than projections, the general sales tax still is running $31,000 short of projections for the year to date.
The half-cent capital improvement sales tax also fell short after a month of increased collections. The August receipts show collections came in $8,199 short of projections, while July receipts showed the tax came in $32,000 higher than projections. The capital improvement sales tax is running $33,325 short of projections for the year to date.
The half-cent parks sales tax also fell behind projections, with August receipts showing the tax came in $10,515 short of projections. The parks sales tax is running $26,369 short of projections for the year to date.
Lodging tax collections, however, are coming in strong, with June collections coming in at $51,966 for the city’s fund for a proposed conference center. The fund, which has averaged a monthly collection of $48,710, has roughly $1.26 million in it so far.
Normally, the sales tax and lodging tax reports are discussed by the city’s Finance Committee, but the meeting scheduled for Tuesday morning was canceled.
Use the comment form below to begin a discussion about this content.
Please review our Policies and Procedures before registering or commenting