The ballot proposal is for ½-cent special sales tax rate for ten years, which should generate more than $2-million.
The current local 1-cent sales tax rate generated the following revenues for the City of Westwood:
|
Year |
Sales Tax |
Use Tax |
Total Revenue |
|
2013 |
$ 153,200 |
$ 46,162 |
$ 199,362 |
|
2014 |
$ 288,606 |
$ 39,752 |
$ 328,359 |
|
2015 |
$ 316,571 |
$ 45,085 |
$ 361,655 |
|
2016 |
$ 336,356 |
$ 44,824 |
$ 381,180 |
|
2017 |
$ 387,306 |
$ 42,725 |
$ 430,032 |
Will the new sales tax rate be permanent?
No. The proposed ½-cent special sales tax will only last ten years.
When did Westwood Establish a Sales Tax?
Westwood first established a local sales tax in 1981 for 0.5% (Ord. 645)
Westwood increased the local sales tax rate to 1.0% in February 1984 (Ord. 680)