The Citizens’ Coalition said:
NO to a property tax increase, and
NO to a wheel tax increase for streets
Instead, the group recommended a temporary sales tax increase. It is estimated that 30% of sales taxes are paid by out-of-towners who also use Lincoln’s streets. (source: Economic and Planning Systems)
The 1/4 cent sales tax raises $13 million per year, increasing Lincoln’s street investment.
The new funds will allow the City to fix four times as many residential streets each year and build new streets for growth.
The proposed sales tax would add an additional 2.5 cents to a $10 purchase.
As a comparison, to deliver the same amount of funding:
Property tax would have to increase $117 per year
The wheel tax would nearly double to generate the same revenue ($74 to $132).