Jefferson County Sees Dip In Sales Tax Revenue
Jefferson County is reporting a dramatic dip in sales tax revenue for the month of June.
The county pulled in $3.1 million last month - a decrease of 20 percent compared to the year before.
For the first half of 2013, revenue is down nearly 2 percent compared to the same time last year.
"We would have to gain tremendous ground in order to have any increase and we would consider ourselves fortunate if we even make budget this year," said Board of Legislators' Finance and Rules Committee Chair Scott Gray,
Gray said the county could see a budget shortfall of $538,226 to as much as $817,328.
He also said 2012 might have been an anomaly rather than this year being tremendously off because the county is doing better than 2010 and 2011.
"I would recommend increased scrutiny on any spending that is not budgeted for this year unless there is an associated revenue source with it and as we enter this next budget cycle there will be downward pressure on paying for any desire to increase spending. We will more than likely have to back down or hold the line on sales tax figures and therefore any desire for additional spending will have to be borne by the property tax levy," said Gray.
The county has raked in just under $16 million in sales tax revenue so far this year.