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Panel sets preliminary priorities

Panel sets preliminary priorities

September 1st, 2011 in News

After an all-day meeting and much discussion, members of the Transformation steering committee set a preliminary list of priority projects and indicated support for a potential 10-year half-cent sales tax to fund projects.

As part of the Jefferson City Area Chamber of Commerce's economic development strategic plan, "Transformation," members of the steering committee met at Providence Bank on Wednesday.

When the meeting turned to funding options, steering committee members were able to vote on four options: a quarter-cent sales tax for five years, a quarter-cent sales tax for 10 years, a half-cent sales tax for five years or a half-cent sales tax for 10 years. Members were not given a "no tax" option.

The first vote on tax options showed 55 percent in favor of a half-cent, 10-year sales tax, but after much discussion, another vote on that option rose to 86 percent in favor.

The 10-year half-cent sales tax is projected to bring in $41,167,196 for project funding. All 40 packages presented at the meeting would cost about $62,606,500.

Any sales tax would need to be sponsored by the city or county to put to voters.