Finance committee reviews February tax revenue

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.

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