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Burlington’s Proposed Franchise Fee Will Hurt County

By on February 13, 2013
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DES MOINES COUNTY WILL LOSE $30,000 A YEAR IN LOCAL OPTION SALES TAX MONEY IF THE CITY OF BURLINGTON APPROVES A THREE PERCENT FRANCHISE FEE ON GAS AND ELECTRIC BILLS. 

COUNTY BUDGET DIRECTOR CHERYL MCVEY  TOLD THE COUNTY BOARD YESTERDAY HOW THE FORMULA WORKS. 

 

BURLINGTON HASN’T FORMALLY APPROVED THE NEW FEE YET, BUT IS LEANING THAT WAY.  IT’S EXPECTED TO BRING IN ABOUT 800-THOUSAND DOLLARS A YEAR, WHICH WILL SUPPLEMENT THE 75-CENT PROPERTY TAX HIKE THE CITY COUNCIL IS CONSIDERING.

 

ON ANOTHER FRONT, TWO-OF-THE-THREE DES MOINES COUNTY SUPERVISORS GAVE THEIR BLESSING TO A 1 ½-MILLION DOLLAR, 4-YEAR BOND ISSUE, TO PAY FOR THREE YEARS WORTH OF CAPITAL PROJECTS.   WE’LL HAVE MORE ON THAT LATER.