IC City Council moves to send local option sales tax to voters - The Daily Iowan
Summary by The Daily Iowan
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IC City Council moves to send local option sales tax to voters - The Daily Iowan
The Iowa City City Council unanimously approved a resolution Tuesday that would ask voters to support a 1 percent sales tax to support affordable housing, community partnerships, infrastructure, and property tax relief. The city estimates the 1 percent sales tax will bring in roughly $8 to $10 million in new revenue to the city, as the city faces fiscal constraints from property tax reform enacted by the Iowa Legislature in 2023. The resolution …
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