County’s Adviser Projects Sales Tax Revenue
If Ellis County’s sales tax request is approved by the voters, financial adviser Piper Jaffray says it is projected to bring in $3.5 million a year if all of the communities agree to surrender their shares to the county as the City of Hays has.
County Administrator Greg Sund says the company also has projected conservatively that the bond issue to fund the projects could be paid off in five years based on the sales tax estimates.
Sund and county commissioners are going to talk to the Ellis and Victoria city councils on the 18th.
A special commission meeting will be held Wednesday to prepare the public presentation for the sales tax election. The meeting will be at 4 p.m. in the basement of the Law Enforcement Center.