Cedar Rapids Looks to Local Sales Tax for Flood Protection
- Sales Tax News
- Jul 26, 2011 | Steven Dunston
Cedar Rapids, Iowa, may use a local sales tax increase to provide the local portion of flood protection funding needed to secure additional state and federal funds.
A just-now-evolving group of citizen volunteers labeling itself a “grass-roots effort” is beginning a petition drive for a Cedar Rapids Extended Sales Tax — CREST — with a minimum goal of collecting about 4,000 signatures to require the Linn County Board of Supervisors to call an election on the sales-tax question, likely on March 6, 2012.
The group’s petition seeks to extend Cedar Rapids’ existing 1-percent local-option sales tax for 10 years and to use all the revenue to help provide funds for a flood-protection system on both sides of the Cedar River. —KCRG.com