Yah.
So far this year, Miller Park sales tax revenue has fallen $1.67 million below projections, according to new figures.
That represents a 0.11% decrease compared with the same time period last year.
Since the tax first went into effect in 1996, a total of $228.89 million has been collected in the five-county region.
Based on forecasts, the district board hopes to end the tax in 2014. However, the district's board has watched with alarm as sales tax collections have not kept up with projections, raising fears that the tax may have to be extended beyond 2014.
"We remain frustrated and concerned with the sales tax collection rates for the district," said Mike Duckett, the district's executive director. "We are very concerned about the sales tax revenue's impact on our projected sunset date of 2014 for the tax."
Of course, the Stadium Board doesn't question the validity of their projections--they question the integrity of the State's reporting and collections efforts.
It never occurred to such luminaries as Tommy Thompson that sales-tax revenues could ever go down between 1997 and 2014. Nope. Never.
"Stick it to 'em!!" Tommy.
Of course, Tommy and company also didn't count on Jim "Craps" Doyle's Department of Revenue shortchanging the localities that have sales taxes either.
ReplyDeleteMaybe the Stadium Board shouldn't have put in that multi-million-dollar ribbon advertising board.