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Jacksonville to lose $1.8 million in sales tax revenue - Greenville, NC | News | Weather | Sports - WNCT.com

Jacksonville to lose $1.8 million in sales tax revenue following change

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JACKSONVILLE, N.C. -

This fiscal year, the city of Jacksonville's budget will be nearly $2 million in the hole, officials say.

Deputy city manager Ron Massey says the city is considering a number of options to make up for the shortfall, such as charging for free city services such as garbage collection. He says the city may even lay off employees or raise property taxes.

Massey says it's all because of Monday's decision by Onslow County Commissioners to change the way it distributes sales tax to cities.

The new distribution formula will no longer take into account Jacksonville's large population, its property tax values, meaning there will be $1.8 million less in sales tax revenue, said Massey.

"I'm just disappointed, again, greatly disappointed because it is going to have an adverse impact on all the citizens in the city of Jacksonville," said Massey.

The new sales tax formula goes into effect July 1, the beginning of the new fiscal year.

 

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