Is City’s Sales Tax Issue A Slump, Or Result Of Bad Budgeting?
Jamestown is projected to miss its sales tax budget for this year by about $544,643, or 6.1%, unless the city gets an early Christmas present. This is a problem that should have been avoided by either former Mayor Eddie Sundquist or the City Council. The shortfall discussed by the City Council’s Finance Committee last week is a shortfall of the city’s own making. Sales tax revenues aren’t far off compared to what the city actually received last year - $72,890 in the first sales tax receipt from the county and $170 in the second sales tax receipt from the county. That’s an ...