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Living Spaces doesn’t justify sales tax split
letter to editor
Editor, Manteca Bulletin, I’m writing about the city’s potential sales tax split with Living Spaces Furniture as an enticement to get it to locate one of its stores in Manteca. According to Dennis Wyatt’s recent column, the 50/50 sales tax split will last until Living Spaces gets $3 million or for 10 years, whichever is reached first. He states, “The store is expected to generate $35 million in taxable sales annually.” So the 1% share of sales tax that the city gets would then be split with $175,000 going to the city and Living Spaces getting the other $175,000 per year. With the $3 million figure thrown in there, Living Spaces must either be projecting an increase in the sales tax rate or significant sales growth for its business within 10 years