Showing posts with label The facts. Show all posts
Showing posts with label The facts. Show all posts

Friday, October 11, 2013

Franchise Fees-The hidden tax

I was just sent a link to another candidates blog to look at the "facts" I do not expect that any other candidate will be providing links to my site. Regardless here are some "facts" if somebody wishes to tell me I am wrong I will change my numbers once I am provided the evidence.  

Franchise Fees

2010-$295,551

2011-$374,288       Increase of $79,000

2012-$569,749       Increase of $196,000


2013-$682,000       Increase of $112,000 

Total three year increase $387,000 keep in mind that every $67,000 raised is equivalent to a 1% tax increase so the full increase would have taken an additional 5.8% tax increase over the three years to match. 

This charge appears on your gas and power bill which is why most people do not even notice it. That is why it is often referred to as the "hidden tax". The municipality back in the fall of 2012 attempted to argue that this is "not a tax" what do you think? 

Let's also not forget that administration had originally proposed to increase this "tax" by another $225,000, which would have taken it to almost $1 million a year do you think that recommendation won't come back?