Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Stockton Council OKs 20-year tax-sharing deal to retain Home Depot distribution center with 6–1 vote
Summary
The Stockton City Council approved a 20-year agreement to share 50% of the city —radley Burns 1% sales-tax portion with Home Depot for a Port of Stockton distribution center, projecting $250,000 nd $500,000 annually to the city depending on taxable sales; the measure passed 6 — with one dissent over environmental concerns.
The Stockton City Council on March 18 approved a 20-year sales-tax sharing agreement with Home Depot to split half of the city —radley Burns portion (the locally-allocable 1% sales-tax bucket) for an e-commerce distribution center at the Port of Stockton.
Acting economic development director Tina McCarty told the council the project would be a point-of-sale distribution center of roughly 600,000 —00,000 square feet and that the developer projects $50 million to $100 million in annual taxable sales. Under the proposed 50/50 split of the Bradley Burns 1%, the city —ould receive roughly $250,000 to $500,000…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
