Discussions Begin Tonight About Renewing Joplin’s Capital Improvement Sales Tax in 2024
City officials estimate that if the 3/8 cents Capital Improvement Sales Tax is approved next year it could raise as much as 48 million dollars over the ten year period.
The Joplin City Council reconvenes tonight.
The Labor Day holiday pushed their regularly scheduled Monday meeting to tonight.
A major topic on the agenda is a possible vote next year to extend a sales tax.
KRPS’s Fred Fletcher-Fierro has more.
Virtually every community has taxes like Joplin’s Capital Improvement Sales Tax.
They typically last for a decade and are always some funny amount of money.
In this case, Joplin’s is 3/8th cent of every dollar spent. It was nearly 20 years ago in 2004 when Joplin residents first approved the tax to fund specific public works projects throughout the city.
It went into effect on January 1st the following year, and voters extended the tax for the first time in 2014.
Almost ten years later the city needs residents to once again approve the 3/8 cent Capital Improvement Sales Tax.
City officials say that without the tax there won’t be a funding source for capital improvement projects.
City officials are working with the engineering firm Olsson for a complete list of possible projects that could be funded by the sales tax if approved.
A possible election day for renewal is August 6 2024.
The formal portion of the Joplin City Council meeting gets underway tonight at 6.