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It seems like more and more people are going into the city to do their shopping now days, because of the selection and better prices. This has forced some small retailers in some small towns to lose business, and, in some cases, close. Also, the towns are losing sales tax revenue, because people are spending their money in the city.
So, what to do? Force the big cities to pay 1% of that revenue back to the smaller towns, of course. At least that’s the plan of Steve Martin (R-Bartlesville). If his legislation becomes law, Tulsa and Oklahoma City would stand to lose about $30,000,000 per year in tax revenue, but the cities would still have to foot the bill for the infrastructure to support the retail industries, says Tulsa Mayor Kathy Taylor.
Carolyn Stager, of the Oklahoma City Municipal League, says, “It would create a nightmare of litigation and turn city against city and neighbor against neighbor.”
Tuesday, March 11th, 2008 Kathy Taylor, tax increases Trackback URL for this entry
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