April 4, 2008

Ending stadium tax early would cost/save $93 million

There are two ways to write this story.

1. The taxpayer version.

Ending the Miller Park Stadium Tax on Dec. 31, 2014 could save regional taxpayers $93 million by sunsetting the proposal three years early, according to a state fiscal estimate.

Rep. Robin Vos, R-Caledonia, is pushing for the earlier end to the 0.1 percent sales tax. While the fiscal estimate doesn't break out Racine County's share of the tax, based on the numbers we pay between $3 million to $4 million per year toward the cost of Miller Park.

Current estimates expect the stadium tax will raise $31 million a year from 2015 to 2017. If the tax ends in 2014, another revenue source would need to cover the remaining expenses on the stadium, the estimate said.

2. Brewers' Home Opener version.

The Miller Park Stadium Board would lose $93 million in revenue under a proposal to end the five-county stadium tax on Dec. 31, 2014, according to a state fiscal estimate.

The proposal, introduced by Rep. Robin Vos, R-Caledonia, would sunset the 0.1 percent tax three years before the state allowed deadline. The stadium district, which operates Miller Park, would lose an estimated $31 million per year from 2015 to 2017.

The board would then have to come up with another source for the money to pay off the Milwaukee Brewers' stadium, which according to one UW-Milwaukee study brings in $327 million to the five-county tax region.

2 comments:

  1. Where are all the democrates in regards to the stadium tax. A republican from Racine cast the tie breaking vote so it stands to reason that a republican from Racine should fix that mistake.

    But, where are all the democrates in regards to ending the tax??

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  2. Actually Vos puts out more press released than toilet paper usages at Summerfest. Whoever gets the job done, just do it.

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