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Kent’s industrial output large but sales-tax sourcing change costs city revenue, speaker says
Summary
A speaker at a recent meeting said the City of Kent produces billions in manufacturing and wholesale output but lost sales-tax revenue after Washington state changed sourcing rules in February 2008; the speaker said the city raised local business taxes and faces greater road and pollution burdens as a result.
A speaker at a recent meeting said the City of Kent’s large industrial base generates billions in economic output but that a 2008 change in Washington state sales-tax sourcing shifted revenue away from the city.
“The city of Kent is conveniently located between the Port Of Seattle, Port Of Tacoma, and SeaTac Airport, which are all key, sea, land, and air trade routes,” the speaker said. “Many manufacturing and warehousing companies choose to locate in Kent because of this strategic location, and over 12,000 companies recognize the Kent Valley as a prime hub for commerce.”
The speaker said…
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