Storm Lake Mayor Jon Kruse announced this week that a volunteer committee has been formed to promote the passage of the one cent sales tax renewal on October 5th.
Voters are being asked to go to the polls and vote to renew the tax that has been in effect since its original passage nine years ago. When passed previously, the tax had a ten year sunset. If not renewed, the tax will end. "This is a renewal of the existing one cent sales tax and is not an additional tax," Kruse said.
Over the past nine years, the tax has raised approximately $6.3 million for capital improvements. Past projects have included the new police station, widening and extending the LakeTrail, airport improvements, street program, fire station improvements, library projects, and others. Without the benefit of the sales tax revenue, many of these projects may not have been done, and others would have required a property tax increase, according to city officials.
"It is important to the future of our community to renew this sales tax," Kruse said. "Future capital improvements, including the street program, will be in jeopardy if it is not renewed."
Polls will be open October 5th. The term of this renewal is 15 years.