Tuesday, March 26, 2013

Public Media Reports Monroe County Restaurants Fear Tax won't Benefit Them

From Indiana Public Media:

Restaurants around Monroe County may not reap equal benefits from a 1 percent food and beverage tax the county is proposing.

The Monroe County Council will begin discussing Tuesday a 1 percent tax which could fund an expansion of the Bloomington Convention Center.

A parking lot across the street from the existing convention center could house much of the expansion, but not until a funding stream is opened to raise much of the $25 million to $35 million the project would cost.

Convention Center Director Talisha Coppock says the 1 percent tax would generate an estimated $2.5 million a year from sales at restaurants throughout the county.

Bill Lutgens, who owns the Wee Willie’s franchise of restaurants in both Ellettsville and Bloomington says he thinks he will raise prices to cover the difference, which is something he expects more restaurants to do.
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The council is still far from voting on the plan. Tuesday’s meeting is the first of several work sessions designed to determine the feasibility of the new tax.

http://indianapublicmedia.org/news/monroe-county-restaurants-fear-tax-benefit-47034/