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Puyallup Council approves $100,000 Main Street donation using B&O tax credit; city nets $25,000
Summary
The Puyallup City Council voted unanimously April 1 to donate $100,000 to the Puyallup Main Street Association under the state Main Street B&O tax credit program. The city expects a $75,000 state credit, making the net cost to the city $25,000; the council asked the association to report back on how city funds will be used.
The Puyallup City Council voted unanimously April 1 to donate $100,000 to the Puyallup Main Street Association under the state Main Street business-and-occupation (B&O) tax credit program, a move council members said will leverage state matching funds to support downtown projects.
The donation was introduced by City Manager Steve Kirkley and moved by Council member Johnson. Council discussion emphasized the program’s leverage: the state credit converts the city’s $100,000 donation into a $75,000 state match,…
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