Jefferson City sales tax continues to miss projections
Sunday, May 26, 2013
Jefferson City’s sales tax revenues are continuing to fall below projections, even after city officials lowered sales tax expectations.
The sales tax report for May shows the 1 percent general sales tax came in $30,074 below projections. In April, the tax came in $74,988 below projections.
The city had lowered its sales tax projections for the year in March after it became apparent they would not be met. The lowered projections were approved after the city revealed a $1.68 million budget shortfall for the current fiscal year, resulting in a number of cuts to city departments and services.
The month’s receipts put the total shortfall for the 1 percent sales tax at $89,510.
The half-cent parks sales tax also faced a bad month, with May receipts showing a $70,042 shortfall. The total shortfall for the parks sales tax is $79,374.
And while the half-cent capital improvements sales tax is the only one that did not fall below projections in May, it still is $33,917 short of projections for the fiscal year so far. May receipts show the capital improvements tax came in $82 above projections.
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