Expanding the tax base and economic development are solutions thrown around by candidates in West St. Paul. That’s all well and good, but sometimes they act like it’s a cure all. To get the kind of revenue we need, expanding the tax base can only do so much.
“I think we all know that we have to bring economic development to West St. Paul. That’s not some top secret thing nobody knows about and that nobody has ever heard of. It has to be done, or else we’re going to turn to Little House on the Prairie or something and there won’t be any businesses here. We have to do that, checkmark, everyone knows that.”
Some of the other candidates seem to focus on economic development and expanding the tax base as the sole approach to bringing in more revenue and helping us tackle our budget challenges. Those same candidates don’t seem to be fans of the proposed sales tax (though most seem to agree that they’ll follow the will of the voters).
So let’s do a comparison, just to get an idea of impact (because it’s not a binary choice).
How much would we need to expand our tax base with economic development to equal the $1.3 million the proposed sales tax is estimated to bring in? Continue reading How Much Economic Development Does West St. Paul Need?