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Indybay Feature
Thu Sep 7 2006
Arena Tax: "A Bad Deal for Sacramento"
Diverse Group of Local Elected Officials Announce Opposition to Arena Tax
On September 6th, a diverse group of local elected officials announced their opposition to the Arena Tax proposed by the Maloof Sports and Entertainment Corporation.
Under the proposed Measures Q & R (The Arena Tax), the sales tax will be increased in Sacramento County to raise $562 million in order to build a sports and entertainment facility in downtown Sacramento. All revenues generated from the facility will go to the the Maloof Sports and Entertainment Corporation. If approved, none of the additional sales tax dollars will be available for desperately-needed community projects for at least 7 years. The Officials urged voters to vote 'no' on Measure Q & R on the November Ballot.
"Under this deal we get all the risk and they get all revenue, " said Sacramento City Council Member Steve Cohn.
Sacramentans Against the Arena Tax is a campaign to oppose Measures Q & R in Sacramento County. Their website is located at Http://www.StopTheArenaTax.org
Under the proposed Measures Q & R (The Arena Tax), the sales tax will be increased in Sacramento County to raise $562 million in order to build a sports and entertainment facility in downtown Sacramento. All revenues generated from the facility will go to the the Maloof Sports and Entertainment Corporation. If approved, none of the additional sales tax dollars will be available for desperately-needed community projects for at least 7 years. The Officials urged voters to vote 'no' on Measure Q & R on the November Ballot.
"Under this deal we get all the risk and they get all revenue, " said Sacramento City Council Member Steve Cohn.
Sacramentans Against the Arena Tax is a campaign to oppose Measures Q & R in Sacramento County. Their website is located at Http://www.StopTheArenaTax.org
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