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Lexington city sales tax and economic dev. program approved by voters | KTIC Radio

Lexington city sales tax and economic dev. program approved by voters

Lexington city sales tax and economic dev. program approved by voters
200451597-001/Digital Vision/ThinkStock

Lexington voters overwhelmingly approved directly a portion of the 1% city sales tax to fund an economic development program over the next 10 years.

Tuesday’s election was the first city election conducted all by mail-in ballot. A total of 872 ballots were counted in the unofficial results. On the question of whether to establish an economic development program, the measure passed with 624 in favor to 237 against or a margin of 72% in favor to 28% against. The second question, of whether to use a portion of city sales tax to fund the program, passed 598 to 239 or 71% in favor and 29% against.

The current sales tax and economic development program have been in place for the past 19 years and was set to expire in April 2020.  As in the past, only up to $167,500 in sales tax proceeds will be directed to the economic development program each year.

 

 

 

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