The Loop has been neglected for decades and we’re working on changing that. We have a lot to accomplish and are focusing on several key areas: beautification, public safety, economic development, marketing and events, and advocacy. As much as we wish these improvements were free, we need funding to help us move forward on any projects.
The CID petition that was voted on and approved by both the property owners and the City Council provides for a property assessment (already in place) and a 1/2 cent sales tax. For comparison, the Walmarts have had an extra sales tax of up to a full cent in place for over a decade.
If everyone who uses The Loop contributes a little, we can accomplish a lot. So for instance, someone who spends $50 on groceries would pay an extra 25 cents. Pooled together, those funds allow the CID to work on key projects—like making sure there is a crosswalk that helps that person get to the grocery store safely.
For these reasons, the Board of the Business Loop CID voted to move forward with a sales tax election. The actual date of the election will be determined by the County–they must certify all voters in the district and once that is done, the election date will be set 30 days out.
We will keep everyone posted as we learn more.