I would like to see a comparison between the amount of Revenue lost by having Soopers move and the amount of money brought back by the agreement with Erie. Is the Soopers move a net gain or a net loss in revenue?
I'm still stunned at the idea that different municipalities can charge different sales tax rates.
The store isn't built yet so there are only guesses at this point. Our CFO says we will take a 40% hit when it moves.
We only get half of Erie's 3.5% sales tax. Lafayette's sales tax is 3.87% we get all of that. The new King Soopers will be larger so does more stuff to buy = more money?
Thanks Karen for a detailed and informative report. I'm happy to hear that the city, especially Dave Billingsley, was so cooperative and transparent with you. That's a positive sign 👍
I would like to see a comparison between the amount of Revenue lost by having Soopers move and the amount of money brought back by the agreement with Erie. Is the Soopers move a net gain or a net loss in revenue?
I'm still stunned at the idea that different municipalities can charge different sales tax rates.
The store isn't built yet so there are only guesses at this point. Our CFO says we will take a 40% hit when it moves.
We only get half of Erie's 3.5% sales tax. Lafayette's sales tax is 3.87% we get all of that. The new King Soopers will be larger so does more stuff to buy = more money?
Thanks Karen for a detailed and informative report. I'm happy to hear that the city, especially Dave Billingsley, was so cooperative and transparent with you. That's a positive sign 👍
Hope it's useful Ron! Happy to report that the city staff are very helpful when I ask for information.