The Camp Verde Town Council is weighing the idea of implementing a sales tax on food.
The town currently charges no tax on food, a practice that differs from other communities in the state, such as Prescott, which according to its website, charges 2 percent on groceries.
The council heard several members of the public give their input at its June 4 meeting but made no decision on whether to implement a tax, instead hoping to have even more public input before it finalizes the budget for the 2014-15 fiscal year, which begins Tuesday, July 1.
According to a report from the town’s finance department, a 3 percent tax on food could bring in an estimated $350,000 to $450,000 in additional revenue a year.
“This tax is being sought as a means for providing viable [capital improvement project] support for the town budget,” the report said.
Food sold at farmers markets would not be taxed, as pursuant to Arizona Revised Statute sections 3-561, 3-562 and 3-563.
For the full story, see the Wednesday, June 11, edition of The Camp Verde Journal.
