SBD/Issue 241/Facilities & Venues

Miller Park Stadium District Tax Collections See Drop From '08

Sales-tax collections for the Miller Park stadium district "plummeted 29% in August compared with the same period last year and are now running 10.4% behind a year ago," according to Don Walker of the MILWAUKEE JOURNAL SENTINEL. The economic downturn "has had a dramatic impact," as only $1.96M was distributed to the district through the 0.1% sales tax in August, "far below what had been forecast." The district this year through August has received $15.9M in the five-county region, "more than $1.4[M] under what had been expected." Miller Park stadium district Exec Dir Mike Duckett said that the district BOD is "disappointed but realistic given the state of the economy." Duckett: "Given the current circumstances, the district will not need to collect more sales tax money, but it may take longer for us to collect the same amount of money to fully retire our debt at Miller Park." Wisconsin Department of Revenue spokesperson Jessica Iverson said that sales tax collections are down because "fewer automobiles are being sold, utility usage had dropped and fewer overall sales tax returns were being filed because of the economy." Walker notes the district "had hoped to end the tax in 2014," but the "new reality now suggests the tax will be in place beyond 2014." But the district BOD is "not prepared to say with any accuracy when the sunset date will be" (MILWAUKEE JOURNAL SENTINEL, 9/2).

Return to top

Related Topics:


Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug