Monday, January 24, 2011

Tax hike could be coming

Fort Payne has a nine percent sales tax, and Albertville may follow suit soon. Albertville City Councilman Chuck Ellis says the city is hurting financially and may propose raising the sales tax from 8 to 9 percent. According to WAFF, Councilman Ellis believes Albertville is losing tax revenues to nearby Guntersville and Boaz who have large retail centers like Walmart. Stores like that can generate as much as a single one cent sales tax by themselves. Albertville's big sales tax generator could have been the American Family Entertainment Center, but that was voted down. Councilman Ellis is expected to present the tax hike to City Council in a work session tonight.

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