 |
TAX ALERT!
|
| From The Utah Taxpayers Association | |
|
|
|
|
1578 West 1700 South #201, Salt Lake City, Utah 84104 PH 972-8814 FX 973-2324
|
|
Vote NO on Wednesday, August 6th! August 1, 2003 To: All Members in Logan City Re: Proposed Tax Increase Logan City is proposing a 24.6% increase in the city’s total tax rate. If approved, the tax increase and new growth would generate $586,482 additional revenue for the city. The tax impact on residential and business properties is as follows:
The Utah Taxpayers Association opposes this proposed tax increase for the following reasons: 1. If approved, Logan City’s property tax rate will be 16% higher than the average property tax rate for similarly sized towns. 2. Utah is currently experiencing severe economic problems. Utah’s per capita bankruptcy rate is highest in the nation and is twice the national average. Increased taxes only exacerbate the problem. 3. In order to stimulate the economy, the federal government has significantly reduced taxes. However, much of this economic stimulus is being reduced by state and local tax increases, such as Logan City’s. 4. Utah’s total state and local tax and fee burden as a percent of personal income is 10th highest in the nation and is 12.5% higher than the national average. Higher tax burdens lead to lower long term economic growth. A tax increase at this time, especially a 24.6% increase, is not appropriate. Logan City will be conducting a Truth-in-Taxation hearing on Wednesday, August 6th, at 7:00 p.m. at the Logan Municipal Council Chambers, 255 North Main Street, Logan, UT.
|
|||||||||||||||
|
The Utah Taxpayers Association is a non-profit, non-partisan association working for greater efficiency and economy in government.
|
|||||||||||||||