Jefferson City, MO 81° View Live Radar Thu H 80° L 70° Fri H 89° L 70° Sat H 83° L 66° Weather Sponsored By:

Finance committee reviews February tax revenue

Finance committee reviews February tax revenue

April 19th, 2019 in Local News

The Jefferson City Finance Committee reviewed its tax revenue for February during Thursday’s meeting.

The city’s 1 percent sales tax generated $892,285 in February — $46,301 under budget, according to the monthly financial report presented to the committee Thursday.

The half-percent capital improvement tax brought in $430,468 in February — $27,339 over budget.

The half-percent parks sales tax generated $430,459 in February — $7,173 over budget.

The city collected $99,690 in lodging tax in February, according to the report. Since voters approved the lodging tax increase in 2011, the 7-cent lodging tax has accumulated more than $8.9 million.

The 4-cent tourism fund has more than $5.2 million.

Jefferson City saw an increase in hotel occupancy in February compared to the same time last year — 58 percent versus 53.4 percent, according to the report.