The excessive, new taxes that Concord will soon experience may not be needed. In November 2010, Concord’s voters approved Measure Q, an increase in the local sales tax that the City of Concord pushed for passage. The tax, applicable only in Concord, will go from 9.25 percent to 9.75 percent on April 1.
On March 7, Contra Costa County Supervisor Mary Peipho reported that the county’s revenue from taxation is increasing. In a press release, Peipho said, “Overall, sales and use tax revenues for all of Contra Costa increased 0.2 percent from the same quarter in 2009.” Specifically, Piepho is comparing the third quarters (July to September) of 2009 and 2010.
Since the end of 2010, unemployment has been dropping and the stock market has been going up.
If extra money is coming into Contra Costa County, then Concord’s coming sales-tax increase may be unnecessary. The higher sales tax may jeopardize the economic health of such Concord businesses as Home Depot, Costco, and Sam’s Club.
If business slumps in Concord, jobs will be lost. With unemployment at Depression-eras levels, this is no time to kill jobs.
Concord’s voters should consider repealing the increase in the sales tax.