Jackson sets initial FY27 revenue targets; keeps 0.5-mill property tax in draft

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.