Update: San Carlos City Council approves increase in sales tax.
July 16, 2009
Citizens to vote now.
As discussed in Monday's post, the San Carlos City Council voted as expected in their Monday night meeting and approved a measure which will put a 0.5% sales tax increase on the November 3rd ballot. If approved, the sales tax rate for San Carlos will increase from 9.25% to 9.75%, making it the highest sales tax rate on the entire Peninsula, including San Francisco.
For more details on the meeting, check out Mike Rosenberg's article: San Carlos Sales Tax Hike Heading to Ballot.
This will prove to be an interesting and tough battle for both sides of this initiative as November 3 draws closer. There's no doubt that the City needs additional revenue to keep some vital programs in place, and to prevent additional layoffs. On the other hand, a tax rate of nearly 10% will likely keep some shoppers away from local businesses, especially for larger purchases.
Look for lots of lobbying on both sides as the election draws nearer..