Community leaders passed a resolution today offering clear answers as to how an additional 1 percent general revenue sales tax would be spent, if the tax passes in the November 2016 general election.
In a Joint Information Meeting with members of both the Jackson Town Council and the Teton Board of County Commissioners on Monday afternoon, the majority of elected officials voted in favor of the resolution, which specifies that proceeds from the tax would be committed and dedicated as follows:
- 50 percent of collected funds to housing; and
- 50 percent of collected funds to transportation.
From there, the exact distribution of the funds would be determined by the Town Council and Board of County Commissioners during each entity’s annual budgeting process.
The tax proposal would create a recurring source of revenue to address major community needs that have been identified in recent months and years. The resolution reflects the desire of the elected officials to provide transparency to the community and to reach common ground on spending through a shared pledge.
For more background on the resolution and the full text of the resolution, please click on the following link: http://townofjackson.com/files/6014/6497/9311/CPF_Policy_Reso_Staff_Rpt_June_JIM.pdf