It may be too early to be concerned, but two months into the year, receipts of the local option sales tax (LOST) are running almost 7.5 percent below budget. The county received a $425,574 LOST distribution for February.
“Our budgeted FY 2013 goal for local option sales tax receipts is $5,575,000,” wrote Jackson County finance director Logan Propes Monday morning in an e-mail to county officials. “This is the second month’s receipts collected and allocated for 2013. As such, LOST is $69,256 or 7.45 percent below the FY 2013 budget for the period.”
Propes also announced the education local option sales tax (ELOST) distribution for March as follows: Jackson County Board of Education, $446,110; Commerce Board of Education, $90,661; and Jefferson Board of Education, $174,706.
Propes said the Jackson County Board of Commissioners received $708,811 during the period in special purpose local option sales tax (SPLOST) revenue.