Bennington, Vt., looking for sales tax approval
Posted at: 01/29/2013 9:25 AM
Updated at: 01/29/2013 10:03 AM
BENNINGTON, Vt. (AP) - Town officials in Bennington, Vt., are supporting a measure that would allow the town to raise about $1 million annually through a local 1 percent sales tax.
Legislation to allow the tax has been introduced in the state Senate.
Town Manager Stuart Hurd tells the Bennington Banner
the town could benefit from the sales tax, which is currently limited to a small portion of municipalities.
He said the additional revenue could help reduce the local property tax burden and help complete additional infrastructure work.
Hurd said $136 million was collected by the state in sales tax in Bennington alone. A 1 percent local option sales tax would generate an additional $1.36 million in revenue, of which $952,000 would go to the town.
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