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.
Raw Data:
Property Taxes
2014: 77,634
2013: 72,437
2012: 74,856
2011: 68,108
2010: 68,523
2009: 71,298
2008: 65,845
2007: 65,037
2006: 61,945
2005: 59,529
2004: 60,675
Sales Taxes
2014: 32,740
2013: 32,718
2012: 32,701
2011: 31,656
2010: 31,268
2009: 33,598
2008: 37,298
2007: 40,453
2006: 40,849
2005: 36,197
2004: 36,593
Total Revenue from Government activities*
2014: 150,507
2013: 153,602
2012: 145,856
2011: 139,143
2010: 139,863
2009: 150,020
2008: 154,024
2007: 147,675
2006: 153,373
2005: 147,139
2014: 235,001
2013: 215,614
2012: 210,193
2011: 203,838
2010: 199,040
2009: 204,585
2008: 218,644
2007: 213,455
2006: 217,258
2005: 201,637
5 comments:
Imagine the increased revenue if they asked people to pay their water bill each month.
What I see is increasing amounts of monies available over time (e.g., total revenue 2014 at 235,001 v. 2005 at 201,637 - 34M INCREASE), despite a loss over time in the sales tax category (2014 at 32,740 v. 2004 at 36,593 - 4M loss).
Where is the money going? I guess increased expenses to pay for past obligations that were neglected like aging water & sewer needs???
The total revenue can be misleading. Some of that is fixed revenue and can't be touched. See the government activities. Gives you a better picture.
Just like a family, health care and gasoline costs have risen in the past 8 years. A city has these same increases. The increase in sales taxes from 2005 to 2008 reflect Katrina money. The precipitious drop from that Katrina effect reflects the extremely poor abilities of Mayor Melton and continues with the poorly trained personnel of Mayor Lumumba. The whole nation suffered a recession beginning in 2008. People tend to forget that Melton received "0" in water and sewer stimilue funds. He would not apply for anything but Capitol Green and Capitol St. Yes, no doubt, the non-payment of water, sewer, and garbage fees is a huge drag on the City. I keep hearing rumbles and grumbles to get rid of the current Mayor. This would be a mistake, IMO, as crime is down over 20% and some very professional employees are trying to put the city back on course and this is desperately needed. Continuity must be maintained to achieve growth.
Water is free for the welfare class.
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