City Sales Tax Extension
Posted
Posted by VCBCDC on 05-06-2022
CITY SALES TAX EXTENSION
"An extension of time only, no new or increased taxes."
Be sure to cast your vote!
June 14, 2022 | 7:00 AM - 7:00 PM | Barnes County Courthouse
Absentee ballots available at the Barnes County Courthouse!
UPCOMING PUBLIC PRESENTATIONS
THE VOTE
On June 14th, 2022 during Valley City's primary election, there will be an advisory vote on two questions regarding city sales tax extension. Find out about this extension of time and why it's vital to Valley City's quality of life below!
An Advisory Vote On:
Property Tax Relief, Retail Image Enhancement & Economic Development
Ballot Question:
Shall the Board of Commissioners of the City of Valley City adopt the ordinance extending a total of one-percent city sales, use and gross receipts taxes dedicated to economic development, basic industry, job development, tax relief, infrastructure, other special requests, service and retail business development, and image enhancement?
What does this ballot question affect?
1. Property Tax Relief (25% of the 1%)
2. Retail Image Enhancement (5% of the 1%)
3. Economic Development (70% of the 1%)
Renew & Replace City Infrastructure
Ballot Question:
Shall the Board of Commissioners of the City of Valley City adopt the ordinance extending a total of one-percent city sales, use and gross receipts taxes dedicated to funding of city infrastructure renewal and replacement project?
What does this ballot question affect?
On average, Valley City invests $1M each year in infrastructure improvements (roads, sidewalks, utilities, etc.) To cover these costs, 1% of the 2.5% sales tax is dedicated to the Renew & Replace City Infrastructure Fund (R&R), and is a direct savings to residents.
The R&R Fund (1% sales tax) saved residents around $10.8M on city infrastructure costs over 15 years; averaging $798,191 per year.
THE NUMBERS:
$798,191 (R&R Fund) + $158,673 (Property Tax Relief) = $956,863 per year in direct saving to residents
If these sales tax dollars for infrastructure were not in place, the impact to a homeowner would potentially be an increase of 15% in property taxes.
Frequently Asked Questions
Q) How does this affect me?
A) City sales tax funds are strategically reinvested into improving the overall quality of life for everyone.
Q) Is this a new or increase in taxes?
A) NO. This would only extend the existing sales tax.
Q) Why would I want to extend sales tax?
A) An extension to sales tax ensures continued business and community growth.
Q) What if I won't be around on June 14th?
A) Absentee ballots are available NOW at the Barnes County Courthouse.
Q) What is taxed?
A) Retail sales excluding, groceries, medicine, rent & mortgage, utilities, services, car payments, etc.
Q) Who pays city sales tax?
A) Every purchaser (resident, visitor, student, etc.)
Q) Who can vote?
A) Any resident (within city limits) 18 years or older.
Q) Can college students vote?
A) YES. Students only need to present their VCSU student ID or proof of Valley City address.
THE IMPACT
What Has City Sales Tax Done for Valley City?
What Has City Sales Tax Done for VCSU?
What Has City Sales Tax Done for Economic Development?
Valley City - Barnes County Development Corporation: A Significant Return on Investment
Professional Services
Director of Development, Jennifer Feist
Resource Development Specialist, Trinity Nelson
Retention & Recruiting Coordinator, Kara Anderson
Quick Contact
Valley City - Barnes County Development Corporation
250 West Main Street
Valley City ND 58702
Phone: 701-840-7820
Fax: 701-845-1892
Email: vdg@hellovalley.com
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