Monday, April 14, 2008

Oops....we have already spent that tax increase

Hey...you know those tax hikes that Metro Nashville passed last year that were for the new Convention Center. Yes, the convention center that isn't even built yet? Heck, they haven't even completed designing it or choosing a location...but they have already begun collecting the taxes that were supposed to pay for it. Guess what? They are already spending those taxes on LOTS of other stuff!! Big Surprise? Not really.

Now what do you think will happen if they actually have to pay for the convention center?? Yep, even more taxes.

Link

If Metro officials plan to build a new convention center anytime soon, they’ll first have to shift at least 11-million dollars of expenses back to the city’s general fund.

The two-cent hotel/motel tax dedicated to operations of a new convention center is now going largely to the city’s subsidy for the Sommet Center. Other agencies receiving part of that 11-million dollar pot are Municipal Auditorium, Opryland, the Country Music Hall of Fame and the Metro Transit Authority.

Metro Finance Director Rich Riebling says it makes sense to use that money instead of setting it aside since operations of any new convention center would be several years off.