Periodically I am asked what we as a City are doing to keep taxes low? The simple and most universally accepted answer to this question is to broaden the tax base. We have done this in West Valley City by successfully attracting and retaining businesses and job centers and by investing in our community. I have often mentioned that as a direct result of West Valley City economic development efforts we have attracted over 2,215 jobs and well over $100 million dollars in private investment in the past year.
These efforts were again validated last week when the Sales Tax distribution numbers were released for June 2011. West Valley City led the State in year over year increase in sales tax revenues from June 2010 with a 15.9% increase. The statewide results came in at 9.9% meaning that West Valley City recorded 6 full percentage points better than the state average. Altogether it has been a great year during some tough economic times and I look forward to continuing to work hard in broadening our tax base while lowering rates.
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