blogJackson HoleJackson Hole Marketresources

April Sales Taxes Down, but Still Up For the Year

By April 9, 2013 April 30th, 2017 No Comments

imagesAn otherwise strong year for sales tax took a hit this month when collections for Jackson came in much lower than expected. The town collected $607,000 in sales taxes in February. The state distributes the money to local governments in April. Jackson’s collections are $101,000 less than the total for the same time period last year — $708,000.

Even with the poor showing, the town still is on track to collect $63,000 more for the fiscal year than estimated in the budget.

Town leaders already amended the 2013 budget earlier this year to reflect more optimistic sales tax projections for this fiscal year, which began July 1, 2012, and ends June 31. The town now anticipates bringing in 3.88 percent more in sales tax revenue than last year’s total of $9.32 million. That would mean $9.68 million filling town coffers by June.

Click here to read the entire article.