Though city sales tax receipts have fallen behind projections this month, Jefferson City is now projecting an end-of-the-year surplus of just under $1 million.
At the Finance Committee meeting Thursday, interim Finance Director Bill Betts reported September receipts, which reflect the July reporting period for sales tax, came in below projections for all three sales tax categories.
But despite the disappointing returns of the last month, all three sales taxes are still ahead for the year to date and the city's revenue forecast model is predicting an overall revenue surplus of more than $1 million. More than half of that surplus likely will come from franchise and utility taxes, which are projected to exceed projections by more than $580,000.
The 1 percent general sales tax came in slightly more than $100,000 below projections, but because of large surpluses in the two months prior, the tax is roughly $187,000 above projections for the year to date.
The half-cent capital improvements tax came in about $23,000 below projections, but is $77,000 above projections for the year to date.
The half-cent parks sales tax came in roughly $36,000 below projections, but is still $96,000 above projections for the year to date.
All of the financial documents from this month's Finance Committee meeting are available at www.jeffcitymo.org/finance/FinancialReports.html.