http://www.jsonline.com/blogs/sports/89483647.html
Sales-tax collections for the Miller Park stadium district are already 7.4% behind last year’s collections, according to new data.
The district received $1.8 million in sales-tax collections from the state Department of Revenue in March. The March distribution represents the January proceeds of the 0.1% stadium sales tax, which has been collected in Ozaukee, Washington, Milwaukee, Waukesha and Racine counties since 1996.
The $1.8 million collected is about $257,000 less than the district had forecasted. In a letter to district board members, Mike Duckett, the district’s executive director, said the March collection was the third lowest March collection since the tax was first collected.
“Year to date, the sales tax collections in 2010 are lagging about $432,500 behind our forecasted/ budgeted amount for the year,” Duckett told board members.
In 2009, the district finished the year 9.45% behind calendar year 2008’s sales tax collection amount.
Since 1997, the average annual growth in the sales tax has been 2.97%, far below what had been expected and forecast. As a result, the district now expects that the sunset year for the Miller Park sales tax will be between 2016 and 2018, at least two years later than originally thought.
Us, too, FRiend! You and I are SO lucky to live in two of the BLUEST and most CLUELESS counties in our state! Grrrr!
Dane County is in terrible fiscal shape. Our unemployment has DOUBLED in the past year...of course, nary a whisper of it around the Capitol Square or in the local media. *SPIT*