Kansas – Independence Struggling To Get Sales Tax Revenue As Retail Stores Close

Zach Walker became the Independence city manager in 2016, and he says he’s been watching the decline of retail stores since. “CNBC forecast that through April of this year, over 6,000 stores nationwide had already closed. That’s in excess of the total number that closed in all of 2018,” Walker said. The impact in Independence is staggering. The city is forecasting less than 1 percent growth in retail sales this year. Walker told 41 Action News that roughly one-third of the city’s general fund comes from retail sales tax.

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by dia wall
april 17, 2019