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It also has slightly higher recent job growth (2.0% compared to 1.2%) and higher projected job growth (38.7% compared to 36.1%). Although the area has significantly higher sales tax rates compared with the nation as a whole (8.3% to 6.0%), income tax rates are lower than the national average (3.4% to 4.7%).
The following projections are based on estimates provided by the City of Phoenix and Thomas J. Klutznick Company. Municipal Tax Revenues. $1 billion to the City of Phoenix over the life of CityNorth [5] $22 million average annually during years 1 to 10; Construction Sales Tax. City - $21,200,000; State - $57,300,000; Jobs Created. 16,000 during ...
That began to change in 2001, when Valley Metro expanded to Sunday service in Phoenix, Glendale, and Scottsdale, with Tempe having Sunday service since 1999 (this resulted in large part from the approval of the Transit 2000 Regional Transportation Plan (RTP), which involved a new 0.4 percent sales tax in the city of Phoenix, with the other ...
However, due to lower-than-expected sales tax revenues and uncertainty regarding the availability of federal funds to support the project, the opening date was delayed. Initially, it was pushed back to 2014, and then it was rescheduled again by 9 years, to the fiscal year 2023, by the Phoenix City Council in June 2009. [22]
Transaction privilege tax (TPT) refers to a gross receipts tax levied by the state of Arizona on certain persons for the privilege of conducting business in the state. TPT differs from the "true" sales tax imposed by many other U.S. states as it is imposed upon the seller or lessor rather than the purchaser or lessee.
A football stadium tax which expired December 31, 2011, but still has a mass transit tax, and scientific and cultural facilities tax. The total sales tax varies by city and county. Total sales tax on an item purchased in Falcon, Colorado, would be 5.13% (2.9% state, 1.23% county, and 1% PPRTA). The sales tax rate in Larimer County is roughly 7.5%.
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Part of the reason for this is the extensive freeway system in the city, due to most of that system being funded by local, rather than federal funds, through a half-cent general sales tax measure approved by voters in 1985. [3]