The Jamestown City Council reviews the first quarter sales tax report from City Comptroller Joe Bellitto during its May 6 work session.
JAMESTOWN – The Jamestown City Council’s finance committee Monday night reviewed the first quarter sales tax revenue numbers for 2019.
According to city comptroller Joe Bellitto, sales tax revenues from the first quarter this year was down 1.9 percent compared to last year’s first quarter. The total revenue was just over $1,424,600, which was about $27,500 lower than the same time period last year.
The city has budgeted a total of $6.2 million in sales tax revenue for its $36 million spending plan this year. The amount raised so far in the first quarter covers 23 percent of that total – down 1 percent from the previous year’s percentage.
Bellitto also discussed the proposals city officials received for stop-loss insurance, which runs from June 1 to May 31 each year. He said the good news is that the best proposal would be $45,000 less than last year’s proposal. Officials will consider the options and act on a new plan later this month during the May voting session.
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