Jackson sets initial FY27 revenue targets; keeps 0.5-mill property tax in draft
In its March 16 workshop, Jackson Town Council was asked to start the FY27 budget with a 3% sales-tax growth projection, 1% lodging-tax growth, and a 0.5-mill property-tax levy (about $455K estimated).
Jackson Town Council’s FY27 budget build will start from staff’s recommended revenue assumptions: 3% growth in sales-tax collections, 1% growth in lodging-tax collections, and keeping the Town’s 0.5-mill property-tax levy in place, according to the March 16 workshop packet.
The packet estimates FY27 sales-tax revenue (Town’s 1% “5th cent” plus the Town’s share of state sales tax) at $26.56 million under the 3% scenario, and FY27 lodging-tax revenue at $1.99 million under the 1% scenario. Staff said the Town will continue “adaptable budgeting,” revisiting projections quarterly and adjusting spending up or down depending on actual collections.
For property tax, staff noted state law allows up to 8 mills, and the Town’s levy has been set annually since FY2022. The packet projects about $455,000 from 0.5 mills in FY27 (up from an estimated $429,000 in FY26), while flagging that actual assessed values won’t be known until May. For context, the packet includes a table showing roughly $910,000 per mill at 1.0-mill increments (based on staff’s preliminary assessment assumptions).
Source: Town Council Workshop Agenda Packet.
Background
Jackson's FY27-FY32 Budget Strategy and Resolution #26-23 set a long-term fiscal framework focused on stability, transparency, and maximizing community return, with a multi-year public process and Council approval on October 27, 2026.
Latest: 2026-10-27 — Special Council meeting for final consideration and adoption of FY27-FY32 Budget Strategy and Resolution #26-23 (Step 4).
curated as of 2026-10-23
Teton County will adopt its FY27 budget on June 30, 2026, with major increases for Parks & Rec, Fire/EMS, and capital projects. The Town of Jackson adopted a $97.96M FY27 budget on June 15, 2026.
Latest: 2026-06-30 — Scheduled adoption of FY27 budget by Board of County Commissioners. Major allocations include Parks & Recreation ($12,763,179 proposed), Fire/EMS ($196,925 for new Division Chief), and Jackson Hole Airport capital projects.
curated as of 2026-06-27
Teton County plans a 2028 vote on a General Penny of Sales Tax, projected to raise $13.5M by FY2030, to close a structural deficit and sustain core services, with much of the revenue coming from tourists.
Latest: 2030 — Projected annual revenue from the General Penny reaches $13.5 million, with an estimated $560,000 annual growth.
curated as of 2026-10-23
Source Documents
| Date | Title | Type |
|---|---|---|
| March 16, 2026 | Town Council Workshop Agenda Packet | packet |