Local Option Tax Increases Brattleboro Revenue, But Property Taxes Will Still Rise
At Tuesday’s special meeting, the Brattleboro Selectboard discussed adding a 1% Local Option Sales Tax (LOST) to items purchased in the ‘boro. Adding this additional revenue stream to the Town coffers has been attempted before. Most recently it barely passed as an advisory vote, but was ultimately rejected.
The main argument in favor of the tax usually involves the expected revenue. In 2015, the estimate was $600,000. This, in theory, could offset property taxes by that amount.
But, taxpayers have seen these property tax reducing “deals” many times before, and property taxes do not go down. Spending rises to meet the new income.
