8 Simple Truths About City of Jasper Funding – Print, Link & Share!

April 19th, 2015
  1. In fulfilling the goals of the City’s 2010 Comprehensive Plan – adopted before he took office – Mayor Seitz has appropriately employed the use of Economic Development Income Tax (EDIT) funds.
  2. EDIT funds are separate from property taxes used in the General Fund.
  3. Jasper has a multi-million dollar EDIT fund reserve.
  4. Jasper receives $1.3M-$1.4M in EDIT revenue each year.
  5. Approximately $450,000, or nearly 33%, of EDIT monies are not even yet appropriated for use in 2015.
  6. The overall city budget, including EDIT, is set by the council.
  7. All departments, including the mayor, have limited spending authority without special approval by a city board at a public meeting.
  8. Mayor Seitz has not only kept spending under budget, unspent EDIT funds have been placed in reserve every year since he’s been in office.

 

Jasper has had a high level of economic development activity since Mayor Seitz has been in office. One of the reasons is his utilization of Economic Development Income Tax revenue for actual economic development and redevelopment. Thank you for reading and sharing these 8 SIMPLE TRUTHS.

A vote for Mayor Seitz in the May 5 Republican Primary is a vote for continued investment in Jasper!