The Jackson budget fight has dominated the headlines over the past several weeks. Here is a quick snapshot of Jackson's revenue over the last ten years. The charts are based on numbers found on annual audits the city of Jackson submits to the State Auditor. They are posted on the State Auditor's website. Read the charts and weep. JJ will provide some more snapshots of Jackson finances later this week. Click on the charts to enlarge for better reading.
Jackson's property tax revenue has increase from $60,675,000 to $77,634,000 over the lasts ten years, roughly $17 million dollars. However, the chart below shows the revenue has fluctuated each year since 2008.
However, the sales tax revenue has gone in the opposite direction as businesses and residents flee Jackson:
Sales tax revenue was $36,693,000 in 2004 and peaked at $40,849,000 in 2006. Unfortunately, it was $32,740,000 in 2014. The only good news is that it appears to have bottomed in 2010 but it has not really recovered from that plunge.
The total revenue from all government activities* has been all over the charts since 2005 but it has been going in the right direction since 2010.
The chart for government revenue from all activities (including water and sewer fees. The above charts do not include that revenue) show a somewhat better picture.
*Includes: Charges for services, operating grants & contributions, capital grants & contributions, property taxes, sales taxes, franchise taxes, and other revenue.