The Metro Nashville City Council is considering a resolution to increase downtown sales taxes for generalized safety and cleaning. This .25 percent increase would apply to the Downtown Central Business Improvement District (CBID), and would result in an estimated $2.4 million in revenue. The Tennessee General Assembly authorized the increase during this past legislative session.
The resolution didn’t include an exhaustive list of what safety and cleanliness measures would be funded with this sales tax increase, but did note that it would include public safety, social services, and sidewalk cleaning. Additionally, the resolution noted that the funds would be deposited into the city’s event and marketing fund to assist in promotional materials and the recruitment of major conventions and group meetings.Read More