Wednesday, August 12, 2009

No on Proposition 400

The Truth About Walmart and Taxes: Based on Walmart’s own financial filings, the average Walmart store would produce approximately $1.5 million in sales tax revenue per year for the Town. This breaks-down to about $300 per resident and is half of the figure dishonestly claimed by Mayor Francia and other supporters of Walmart.

Moreover, it will take several years before the Town benefits from the tax revenue produced by Walmart. The Town will have to pay millions of dollars to improve roads, bring in sewer and provide water. Town Council could have approved the rezoning subject to Walmart paying for these infrastructure improvements, but failed to do so. Now the expenses will add to the financial strain of the Town and ultimately be placed squarely on the backs of Town residents. This failure is much like those of the Water Company and waste water treatment facility for which residents are already paying dearly.

It is time Cave Creek demanded real solutions from its elected officials for the Town’s current financial crisis. A Walmart on rural residential land as a bail-out is not one of them.

I respectively request you vote no on this proposition and not allow the change in land use for the Walmart property.

Christopher Aepli

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