Contact: Cindy Harger, Public Information Specialist
Teton County commissioners agreed
today to create a special fund for the 1 cent General Revenue Sales and Use Tax
if the tax is approved by voters on Nov. 8.
With a unanimous vote of 5 to 0,
the Teton County Board of County Commissioners approved a resolution to create
a “Community Priorities Fund” to make it easier for officials and the public to
track proceeds and expenditures from the tax, which is on the November ballot.
the creation of the special revenue fund, Teton County will continue to uphold
its high level of transparency and accountability with taxpayer dollars as we
address the community priorities of affordable housing and transportation,”
said County Commissioner Natalia D. Macker, who made the motion to adopt the
The Community Priorities Fund
would function similarly to the county’s other special revenue funds, such as
Fire/EMS, Parks and Recreation, and Teton County Fair. According to the resolution,
50 percent of the 1 cent General Revenue Sales Tax funds would go toward
affordable housing needs and 50 percent for transportation needs, per the
Jackson/Teton County Workforce Housing Action Plan and Jackson/Teton Integrated
On Sept. 20, the Jackson Town
Council approved a similar special revenue fund structure for the town’s
portion of the potential tax funding.
In June, the Board of County Commissioners
and Jackson Town Council passed additional resolutions pledging that the 1
percent General Revenue Sales Tax would be split 50-50 between housing and
transportation programs. By taking the additional step of setting up special revenue
funds, the elected officials are aiming to provide an additional layer of
public accountability, councilors and commissioners said.
Currently, Jackson sales taxes
are at 6 percent. If it passes, the General Revenue Sales Tax measure would not
go into effect until a 1 percent Special Purpose Excise Tax (SPET) expires in
the spring, maintaining the 6 percent rate.
To read the resolution, click here.
To view a PDF of the press release, click here.