Junction City Finance Director Lindsay Miller said this week that the city received their September 2023 sales tax increment. The total for this increment was $1,132,005.24.
We knew this would be down from last year, as this was the month last year that there was an error at the state level. Due to an internal issue, they closed the month late at the state so the September payment was inadvertantly inflated. Then as a result of this, the October 2022 tax increment was lower. Since the month was closed out sooner, it resulted in a more accurate timeline and representation. However, with that being done, hopefully October 2023 will be higher, realigning the distributions.
Due to this, no records were made; however, we did add one more month to our $1MM+ a month goal for the fiscal year. To have a number to compare this increment to, this put us $30K up from September 2021. Even with this, we are still ahead of both this year’s budget, and last year’s receipts.