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School Sales Tax Votes Carry Different Local Stakes
If approved, the tax would raise nearly $1.3 billion over 3 years for school construction and renovations, lawmakers were told.
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Fort Wayne Business Weekly
School sales tax votes carry different local stakes
(The Center Square) – Voters across nearly 50 Virginia localities will decide this fall whether to give local governments additional taxing authority for school construction, but approval at the ballot box would be only the first step.
New sales tax could generate $1.27 billion over 3 years for school construction, state estimates show
The sales tax dedicated to school construction on the ballot this fall could generate more than $1.27 billion over the next three years, if it’s approved in all 47 counties and cities that are considering it this year. These estimated revenue projections come from the Virginia Municipal League, based on data from the Virginia Department of Taxation. The estimates were provided Tuesday to members of the state’s Commission on School Construction a…
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