
27:18 - 28:11
"when I look at this one and I look at the taxpayers who will be affected, and I hold that on one hand, and I hold the, the what the public good would be if we removed this exemption, it is an easy decision for me because it would allow us to fund all of these things that people don't want to see defunded."
“when I look at this one and I look at the taxpayers who will be affected, and I hold that on one hand, and I hold the, the what the public good would be if we removed this exemption, it is an easy decision for me because it would allow us to fund all of these things that people don't want to see defunded.”
From the community was that they didn't want to see cuts and that they did support us seeking new revenue. You've heard me kind of repeat over and over that for each tax exemption that there has to be an equal public good. Um, when I look at this one and I look at the taxpayers who will be affected, and I hold that on one hand, and I hold the, the what the public good would be if we removed this exemption, it is an easy decision for me because it would allow us to fund all of these things that people don't want to see defunded. Um, I don't think that in the balance that you can argue that it is worth making cuts to all these services, uh, to benefit this small number of taxpayers. And so it's for these— all of these reasons that I make this amendment.
The Assembly voted 6-3 to raise the vehicle sales tax cap from $14,300 to $50,000 after rejecting proposals to remove the cap entirely. The move is one of several revenue measures officials are weighing to close a $10 million to $12 million budget gap.
