Sales Tax News (you can use) - Week 9/27

Greetings, LinkedIn Sales Tax Community!

Welcome to this week's edition of the Sales Tax Newsletter, where we bring you the latest updates and insights on sales tax policies across the nation. Here are the top stories we're covering:

1. Loveland, CO Considers Sales Tax to Address Budget Shortfall Loveland residents are considering a sales tax proposal to offset the loss of tax revenue when they voted the year before to eliminate the cities sales tax on groceries. Leading to a $13 million dollar shortfall in their budget, the city is prepared to cut back on the public library hours and some staff. Is this voters remorse trying to increase tax revenue again? (Source: CBS Colorado)
2. Cortland County, NY Looks to Keep Larger Percentage of Sales Tax Revenue In an effort to offset the costs of state mandates, the Cortland County Legislature is looking to retain a larger share of local sales tax revenue. Currently the county shares 50% of it's revenue with cities and cities are not happy with the County trying to do this. This proposal highlights the ongoing struggle between local and state governments over resource allocation. (Source: WBNG)
3. "Results for the Rock" Committee Supports Sales Tax Increase in Little Rock, AR A committee called "Results for the Rock" has formed in Little Rock from the Little Rock Regional Chamber of Commerce to promote a sales tax increase. The proposed tax is aimed at funding infrastructure projects and boosting local services, with the committee emphasizing the benefits of improved city facilities. While the community rejected a sales tax increase in 2021, do you think the citizens will do so again? (Source: Arkansas Times)
4. Palisade, CO Proposes a 2% Sales Tax Increase The town of Palisade is proposing a 2% increase in its sales tax (a 100% increase in sales tax revenue or around $1 million annually). If approved, the additional funds will be used to enhance public services and improve local infrastructure, with local officials stressing the need for additional revenue to meet growing community demands. (Source: KJCT)
5. Poll Shows Two-Thirds of Cobb County, GA Unaware of Upcoming Transit Tax Vote A recent poll revealed that two-thirds of Cobb County residents are unaware of the upcoming transit tax vote. The tax, if passed, the "funds would be used to construct 108 miles of rapid bus routes, half a dozen new transit centers and a countywide system of on-demand “microtransit” service". This finding raises concerns about voter engagement and awareness ahead of the vote. (Source: Mass Transit)

Stay tuned for more updates and in-depth analysis on sales tax trends in our upcoming newsletters!

Engage with these articles and share your insights with the LinkedIn community. Let’s keep the conversation going on how sales tax policies impact our businesses and communities.