Of, course, over here at South DaCola, we have known this for awhile;
The task force called the tax the most sensible way to pay for an events center. It’s the only funding source that could generate a large amount of money fast – $50 million a year on a project estimated to cost about $150 million.
But poll respondents opposed the sales tax 51 percent to 42 percent.
The prospect of municipal bonds, which officials have said would cost $80 million more in interest over 20 years compared to a sales tax, is even less appealing. Only 33 percent support a bond issue as a backup plan for the sales tax, with 56 percent against.
I still think Staggers’ idea of private sponsorship and stock options makes the most sense. Have the people who want the EC the most invest their own money.
I find it ironic that the question about supporting a triple B tax was not asked. Gee, I wonder why?