Voters to Consider Business Tax Increase That Will Affect Companies Like Netflix

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Town officials estimate the tax increase would generate roughly $1.2 million per year and would make the town's tax structure more progressive, with larger businesses paying a higher tax rate.

"We're looking for some way of this to be self-sustaining so we don't have to put a budget initiative every couple of years, particularly if we're in an inflationary time," Town Councilman Matthew Hudes said during a discussion on the ballot measure at the council's Aug. 2 meeting.

Local business owners and business groups have expressed theoretical support for the measure, but warned against penalizing businesses for their success, particularly the town's largest businesses including Netflix.

 

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