What is an economic development sales tax?

Municipalities are authorized by state statute to implement a sales tax for economic development. 

  • This sales tax must be used for economic development activities detailed in the statute.

    • This can include improving or building roads, sidewalks and other infrastructure, adding parks and trails and updating existing buildings and property if it will improve the community.

  • The tax must be approved by the majority of voters. 

  • The Board of Aldermen must vote to collect the tax and can suspend or repeal it any time.

  • This sales tax does not authorize the City to incur additional debt; it only authorizes the City to collect a sales tax to produce revenue for economic development activities.

Show All Answers

1. What was the result of the Proposition B vote on April 2, 2019?
2. What is Proposition B?
3. What is an economic development sales tax?
4. How will Proposition B funds be used?
5. How long will the city collect the economic development sales tax?
6. How much will the economic development sales tax cost an average shopper?
7. How much revenue will be generated from the sales tax?
8. Is there a sunset clause for the sales tax?
9. Do sales tax rates impact where people shop?
10. Who provides the majority of our sales tax revenue?
11. How will Brentwood Bound impact local property taxes?
12. How did Proposition B appear on the ballot?
13. When was the election?
14. How do I register to vote?
15. How can I vote absentee?