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Kent says 2008 state sales-tax sourcing change cut city revenue despite large industrial base
Summary
A staff member told a City of Kent meeting that a 2008 change in Washington state's sales-tax sourcing rules reduced the city's share of sales tax revenue, prompting local tax increases and leaving Kent with less per-capita revenue than similar cities despite its large industrial economy.
A staff member told a City of Kent meeting that the city has lost substantial sales-tax revenue since Washington state changed how it allocates sales tax in Feb. 2008, despite the city's large industrial and distribution economy.
Kent matters because it hosts a large portion of the Kent Valley Industrial Center, a dense cluster of manufacturing, warehousing and distribution facilities that generate substantial economic output but, the staff member said, does not produce the same level of local sales-tax revenue under the current sourcing rules.
The staff member said the Kent Valley supports more than 12,000 companies, employs about 232,000 workers…
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