The Jefferson City Finance Committee on Thursday reviewed its tax revenue for February.
The city’s 1 percent sales tax generated $1,000,444. That’s $83,153 over projections for the month and $367,799 above projections for the year.
The half-percent capital improvement tax generated $480,689. That’s $92,424 above projections for the month and $428,200 for the year.
The half-percent parks sales tax brought in $480,688 in February. That’s $40,650 above projections for the month and $203,790 for the year.
The city collected $99,315 in lodging tax in February. Of that amount, $55,617 went to the tourism fund and the remaining $43,698 went to the Convention and Visitors Bureau. There is $7,360,945 remaining in the tourism fund
Jefferson City’s hotel occupancy for February increased compared to the same time last year — 42.1 percent versus 37.8 percent.
It was noted that the city began collecting the quarter-cent public safety sales tax at the beginning of April. They won’t see collections from that until July. This will help fund salaries and equipment for the police and fire departments.
