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Galt City Manager Jason Behrmann expects large increase in tax revenue from new Walmart

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Posted: Saturday, February 15, 2014 12:00 am

City Manager Jason Behrmann doesn’t need a study to know what he already believes is true — when Walmart opens in Galt later this year, it is expected to boost the city’s tax revenue by half a million dollars.

According to a new statewide study released this week, the development of a local Walmart can be a bargain for communities looking for an economic boost.

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2 comments:

  • Victor Ferrise posted at 1:56 pm on Sun, Feb 23, 2014.

    Symbiont Posts: 6

    More tax revenue means higher incomes....but for who I wonder?

     
  • Frederick Goethel posted at 1:58 pm on Sat, Feb 15, 2014.

    Frederick Goethel Posts: 50

    I find it interesting that a study commissioned by Wal-Mart and paid for by them finds that they help the community economically. Who would have guessed that would be the case? More interesting is that independent studies have shown just the opposite effect of those stores moving into a town. But the big question comes with an new tax money....at what cost to that community? Does the City Manager think this will not hurt businesses located in other parts of the city? If I want to buy dog food now where will I go....Wal-Mart or Tractor Supply? I think h answer is self evident. And I will be interested to see the real amount of NEW ales taxes after the first full year of operation.....I really doubt it will be all that much....more a shift of taxes from existing businesses!

     
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