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Brandon Burns' numbers predict lower alcohol tax amounts He's estimating $96,000 more or less if tax rate is competitive with nearby towns selling alcohol Comments re article 80559 Shannon Sexton Alcohol tax revenue depends on local rate By Brandon Burns Personal commentary Mrs. Sexton, I still believe your numbers are off by trying to compare Corbin alcohol sales to Columbia. I'll explain why and offer a much more realistic amount. You gave examples of town size but it is not a city vote nor will city people be the only one's purchasing the alcohol. Corbin is a unique town because it falls in two different counties, Whitley & Knox. The population of Whitley County in 2013 was 35,766 and Knox County had 31,790 residents. A total population of 67,556 for the two counties that Corbin fell in. Whitley and Knox Counties were both dry, much like London, KY & Laurel county 16 miles down the interstate. The population for Laurel county was 59,563 alone and that brings the total population for 3 counties that houses 2 colleges to a total of 127,119. Adair County is a 1/5th of that size with 25,572. I based these next numbers on the higher 6% sales tax for all alcohol sales to an even higher number of tax revenue for illustration purposes. In order to make $700,000 in tax revenue at 6%, a city would have needed to sell 12 Million Dollars worth of alcohol in total, for the $440,000 you suggested we may receive, Adair County would need to sell 7.4 Million Dollars worth. $20,273.97 per day, or $142,307.69 per week Adair county being 1/5th the size of the Corbin area, it is only fair to take 1/5th of total sales in an estimate. 1/5th of 12 Million is 2.4 Million dollars in yearly sales, which at 6% brings in a total of $144,000. Tax revenue off 2.4 million in sales at 4% falls us to $96,000. Like you stated is true, we can set tax percentage however high we chose, but it will also be consistent with Russell County or people would continue to drive elsewhere for cheaper prices close by. I think everyone agrees that Adair County needs more jobs and industry. We are all on the same side in the aspect of wanting Adair County to progress forward. Progress in Adair County can happen with or without alcohol sales. Citizens in Adair County with the ability to start businesses here should be encouraged to do so. Franchising opportunities for restaurant chains etc are all possibilities regardless of the election. My family owns a local business here in town, as did my grandfather before his passing. PAC Before & After the vote should be focused on getting people in Adair County with the ability to start businesses, the connections they need to do so. I am curious regarding future plans of the PAC after the vote, both if it passes or is denied? It's my hope the group will still be in a visible location and isn't motivated by one side of an election outcome. --Brandon Burns This story was posted on 2016-01-28 09:09:55
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Have comments or corrections for this story? Use our contact form and let us know. More articles from topic Commentary:
Shannon Sexton: Alcohol tax revenue depends on local rate Billy Joe Fudge: Appreciates Mike Ellis' concern for accuracy Mary Bardin: Westlake will be an asset to TJ Samson Geo. Kolbenschlag: Vote of thanks to Neal Gold, hospital board Joyce M. Coomer: Monday morning questions Jon Halsey: Citizens need more concern for local government Kelvin Bailey: County dweller appreciates clearing priorities Wayfaring Stranger comments on Russell Co. wet vote Brandon Burns: Is county already receiving alcohol tax money Sally Kemp wants clarification on alcohol tax use View even more articles in topic Commentary |
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