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City to decide whether or not to reauthorize BID


krazeeboi

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see the 2nd half of this reply from earlier...

^ well the issue is that sales tax is not a stable and predictable revenue stream. There will be times when it will generate more than anticipated and times when there will be a shortfall. There would be no way to make up revnenue other than to raise property taxes on those who are paying taxes, ie business. Speaking as a small business owner, that is not an appealing option to me, personnally. You are right, it gets passed along to customers eventually, but that money is paid first and then recovered through increased fees (or prices), so it is still coming out of pocket.

Plus in sheer fairness, business buy products too, thereby contributing to the sales tax, yet are expected to still pay the property taxes. The distribution of municipal services is largely geared toward residential properties over businesses. To ask business to pick up that tab is remarkeably unfair.

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