If the City is, in effect, losing $39,000 a day because of the pension shortfall, why wait until July 1 to put the sales tax into effect if voters approve it Feb. 3?
State laws outline when a new sales tax becomes effective. A new tax takes effect the first day of the second quarter following the passage of the tax. In this case that timeline means July 1, 2009 is the earliest the tax could begin. The waiting period is designed to allow businesses to be notified and the Department of Revenue to make necessary changes in its office. The following questions were posted on Nov.
