By Philip Haldiman | The Republic | azcentral.com
Changes in the way a specialty construction-sales tax is levied will affect Paradise Valley’s future operating revenue, officials say.
A tax-reform bill approved by the Arizona Legislature last year that changes the way construction materials are taxed will eliminate an annual revenue stream of $500,000, officials say.
Financial Director Scott McCarty said this is one of four operating-revenue streams that will not return to pre-recession levels.
