Thursday, June 28, 2012

Critics say sales tax increase might not bring in $1B - Business First of Columbus:

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It has yet to be discloserd when voters might be asked toadd 1-pointf to the state’s 5.6 percent sales tax for three But that vote could occur later this year or in 2010. Brewer and backers of the sales tax increase (including in the Valley’s business say the increase will bring in $1 billion annually and help closew budget deficits and help avoid draconianb cuts to schools, public health care and But skeptics of the sales tax boost questions whether it would brinb in that much considering sales tax collections at the statwe and local levels have been hit by the housing market crash and pull back in consumer and business spending.
Tom state director for the anti-tax , said the proceeds from the salesa tax increase could be morelike $750 million Moderate business groups such as Greater Phoenix Westmarc and the East Valley Partnership back the sale s tax increase.

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