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Marijuana tax revenues surpass city projections

 

November 13, 2019



Marijuana tax receipts for the first quarter of the 2019-20 fiscal year have already exceeded the city’s budgeted amounts.

The city budgeted about what it received in the prior year, about $27,400, said city Finance Director Brandon Neish. Marijuana tax revenue was $32,468.12 for July through September.

Of that amount, about $7,000 was from state revenue sharing, which is a tax collected and distributed to local governments by the state. Neish said that matches what the city budgeted for 2019-20.

Of first quarter revenue, about $25,000 was from the local 3-percent marijuana tax. That rep...



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