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Supervisors Approve 28E Agreement for LOSST

Posted By News On December 19, 2010 @ 6:24 am In Today’s Local News | Comments Disabled

The Marion County Board of Supervisors approved a 28E agreement in regards to the allocations of local option sales and services tax revenues at their meeting Wednesday. The inter-governmental agreement between the county and the cities of Knoxville and Pella reformulates the allocation money since the two cities account for 95% of the revenues gained from the tax. Under the new proposal, Knoxville will receive approximately $134,000, Pella approximately $267,000, while county government would see an approximate net loss of $400,000.

In addition, the supervisors also approved a resolution calling for a public referendum to authorize the imposition of a local sales and services tax in the unincorporated areas of the county at a rate of 1%.

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