- Marble Hill fires entire sewer department (8/23/16)4
- Witness says he saw man shoot Domorlo McCaster (8/19/16)2
- Students move into new fraternity housing at Southeast Missouri State University (8/18/16)2
- Southeast imposes 'interim suspension' of Sigma Nu fraternity over vandalism incident (8/19/16)21
- Ex-Southeast student gets probation for placing homemade sex video on porn site without woman's knowledge (8/24/16)10
- The Chrome Queens (8/21/16)2
- Pitmasters to descend on Arena Park for Cape BBQ Fest (8/19/16)2
- Logan's Roadhouse in Cape not closing; Ruby Tuesday fate still unknown (8/17/16)
- Local private school dreams bigger, plans for new building at Sprigg and Lexington (8/22/16)
- Gender-neutral restrooms now available at Southeast (8/18/16)38
Jackson holding the line
Jackson residents got some good news from city hall earlier this month: The city's electric rates won't be increased, even though budgeted spending of $30.07 million will likely exceed revenue from all sources (utility funds, sales taxes, general revenue, grants) by about $3 million. Carry-over balances from previous years will be used to make up the difference.
From last 2006 until mid-2007, Jackson phased in increases in electricity rates that raised revenue 40 percent. The reason was the higher cost of electricity the city purchases to resell to its customers.
With most governmental entities facing tough budget decisions because of declining revenue, all possible revenue streams must be considered.
But even though sales tax revenue in Jackson declined 3.72 percent last year from the year before, city officials said other revenue sources and belt-tightening would be used to balance the budget rather that raising the cost of electricity.