Sunday, August 09, 2009

What they take away matters more than what they include

Blogging CM Emily Evans corrects half-truths that convention center supporters use to promote the proposal in their online PR:
Everyday, this government should try to do everything it can to keep taxes low. We need to look for ways to see that our revenue streams stay diverse and healthy. But, if you are inclined to support the construction of a convention center and hotel that will take the debt in this city from $1.7 billion to $2.7 billion, please do it with objective facts presented by disinterested sources. Those facts are these:

Property taxes make up about 41% of our revenue. Sales and other taxes make up about 25%. The rest of our $1.5 billion budget comes from a diverse and fairly dependable blend of federal and state money and fees and fines.

Hotel and Tourism taxes in Nashville amount to about $30 million a year. This amount represents about 2% of all revenue and 6% of sales and other taxes. receipts

And feel free to send my pie chart to MDHA, fee of charge.

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