The Alliance & Chamber encourages voters to say “Yes” on Tuesday, November 5, 2013.
posted on Wednesday, October 30, 2013 in Blog
RESOLUTION OF THE BOARD OF DIRECTORS
The Board of Directors of the Greater Cedar Valley Alliance & Chamber encourage the voters of Black Hawk County communities to renew the one-cent Local Option Sales Tax on the ballot on Tuesday, November 5th.
Since 1991, the communities of Black Hawk County, with voter approval, have collected a one percent sales and service tax on qualified purchases. Waterloo and Cedar Falls have consistently used the revenues from this sales tax for the construction and repair of streets. Both cities have again pledged to use the revenues in a similar manner if the tax is reauthorized. Other cities have also used the revenues for key attributes, while others have reduced property tax burdens.
The sales tax has produced notable results. For instance, in Cedar Falls and Waterloo alone, since the tax program's implementation, hundreds of miles of streets have been reconstructed, overlaid, or seal-coated; and many railroad crossings have been replaced.
The sales tax is imposed by local governments on goods and services sold within Black Hawk County. Out-of-county purchases generate an estimated 35% of the tax revenue.
The Alliance & Chamber encourages government at all levels to monitor operations continuously to discover ways to reduce property tax, sales and service tax, and other fees that are ostensibly taxes imposed on business and residents. However, we recognize that the revenues from this sales and service tax are used for key infrastructure for economic growth and a satisfactory quality of life, and there are established oversight committees established to review the proposed uses of the tax revenue.
Therefore, the Board of Directors of the Greater Cedar Valley Alliance & Chamber endorses the renewal of the one-cent Local Option Sales and Service Tax in Black Hawk County. The Alliance & Chamber encourages voters to say “Yes” on Tuesday, November 5, 2013.
Approved by the Board of Directors, during its regular meeting on October 1, 2013.
Steven J. Dust