Our proposal is to use a .5% sales to to help fund these important projects. Basic needs that are NOT subject to a sales tax: Clothing, Groceries, Health Care, Prescriptions, Fuel. While some communities use a property tax increase, we believe that the local sales tax option is better for Willmar.
Option A collect $30 Million on a 1/2 percent sales tax. It will cost Willmar residents $15 million.
(50% of the sales tax revenue collected comes from people that live outside Willmar)
Option B collect $20 Million through property taxes increases. It will cost Willmar property owners $20 million
(assume 10 Million won't happen....over 20 years by raising property taxes)
Option A costs Willmar residents $5 Million less ($15 Million vs $20 Million) and the residents receive $10 Million more in benefits relating to upgrading the city's infrastructure, parks and recreation.
This will help attract, retain and recruit families, alumni, and encourage businesses to move to our community.
This will help grow the residential and commercial tax revenue base. Along the way, it will add amenities, and fund necessary infrastructure growth and maintenance.
Currrently in Willmar, our .5% local sales tax puts 2.5 million into our community annually
Minnesota State Sales Tax 6.875%
Kandiyohi County .5% sales tax
The current .5% sales tax is projected to be removed in less than 5 years when funding for the 4 county road projects are completed.
If an individual spends $100 the cost with an added .5% local tax is 50 Cents
If an individual spends $1,000 the cost with an added .5% local tax is $5
If an individual spends $10,000 the cost with an added .5% local tax is $50
Basic needs that are NOT subject to a sales tax:
Clothing, Groceries, Heath Care, Prescriptions, Fuel.
November 6th - General Election
Get out and vote YES!