CC 2024-05-14 Items Rec'd at Mtg. 4 ec\\ 12_ct
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Decrease the Sales Tax!
In January of•2021 the sales tax we paid on every dollar was 7.75
cents. The total inflation from January of 2021 to January of
2024, just three years, was 20.4%. Therefore today we pay over
$1.20 for the same purchase. When we multiply the $1.20 by
our 7.75% sales tax we get a sales tax of 9.3 cents compared to
the 7.75 cents we paid in 2021. That's an increase in the sales tax
of over 1.5 percent. So, in addition to a 20% inflation increase
we are now paying an additional 1.5% in sales tax. And Arroyo
Grande wants another 1% increase in sales tax. And that is not
the end of the story. Some of our elected representatives plan
to increase the sales tax for our entire county by another 0.5% for
transportation projects. Additionally, the Lucia Mar USD wants
to increase the assessed valuation of property owners. This is
Socialism! The Arroyo Grande flyer claims that a 1% increase in
sales tax will generate about $6 million per year. Therefore,
because of inflation, our 7.75% sales tax will be generating in
2024 an additional $9 million compared to three years ago. And
tax revenues will continue to increase as inflation increases. I
recommend a decrease of the sales tax to offset the adverse
effects of inflation. We need city leadership who will work for all
members of our community, especially those working from
paycheck to paycheck.
Jon Hoffmann jhoffman@calpoly.edu