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Agenda - 05-18-2010 - 8b
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Agenda - 05-18-2010 - 8b
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Last modified
11/3/2015 9:08:50 AM
Creation date
5/14/2010 4:02:24 PM
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BOCC
Date
5/18/2010
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
8b
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Minutes 05-18-2010
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\Board of County Commissioners\Minutes - Approved\2010's\2010
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Sales Tax Revenue Generation erme that eneratedthrough <br />Tables 20 and 21 report estimates of the potential <br />en d sales tax rev tail demand, rbased ongenerated <br />009 county and <br />capture of existing retail leakage, and prof artment of Revenue, sales of personal <br />state sales tax rates. According to the North Carolina Dep Potential of the two-mile <br />property are subject to state sales tax at a rate of 5.75 percent, and county <br />g pales tax at a rate of two <br />approximately $1.3 million. By comparison, the five -mile <br />percent. Based on this analysis, the total additional sales tax -g <br />radius area, based on existing leakage, is app' venues <br />radius exhibits potential sales tax re 9 sales t $7.7 generation based on then retail demand estimates <br />million. Table 21 reports projected <br />discussed earlier. Based on these calculations, the two -toile radius shows a potential increase s, <br />sale tax revenue bs 2029 of bet increase ofi$26.4anullion to t$30.9 mill on. Finallye the ten mile <br />by contrast rep eueration of between $141.5 million and <br />radius exhibits potential projected sales tax revenue g <br />$143.3 million. <br />,3 <br />Isst eshAccessedUNo enbert20,2009nn hnP� me.cmtilt xesl Tle�li npnodce 100952 �df.Rate CrmrSe <br />49 <br />
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