Halfway through, arena tax is dollars ahead

The sales tax for the downtown arena continues to exceed projections, bringing in more than $6.3 million last month — $375,000 more than projected. That puts the total collected halfway through the 1 percent, 30-month sales tax at nearly $85.5 million — $1.5 million ahead of schedule toward the goal of $184.5 million. Regrettably, the pace of collections is not so great that people are still talking about ending the tax early, and there no doubt are plenty of unanticipated costs ahead. But seeing the project dollars ahead is far preferable to the alternative.
Posted by Rhonda Holman