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City sales tax receipts improve

City sales tax receipts improve

September 25th, 2013 in News

Jefferson City sales tax receipts are improving, narrowing the gap between projections and actual collections.

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At the Finance Committee meeting Tuesday, Interim Finance Director Bill Betts presented the latest financial reports for the city. September receipts show the 1 percent general sales tax came in $27,167 above projection, but the year to date total shows a shortfall for the year of $3,867.

The half-cent capital improvement sales tax also came in above projections, with the September receipts showing collections exceeded projections by $12,294. The total shortfall for the year to date is now $21,031.

"Everything's looking fairly good," Betts said.

The half-cent parks sales tax also came in above projections, with September receipts showing the tax came in $39,005 above projections and the year to date total showing an overage of $12,636.

Lodging tax collections are continuing to come in strong, with July collections coming in at $52,277 for the city's fund for a proposed conference center. The fund, which has averaged a monthly collection of $48,842, has roughly $1.31 million in it so far.