The West Virginia Municipal Home Rule Board on Monday gave Bridgeport the go-ahead to enact a 1 percent sales tax to finance a proposed indoor recreation complex.
During a meeting in Charleston, the Home Rule Board unanimously approved the city’s amendment to its home rule plan seeking the authority to impose the sales tax.
Bridgeport City Manager Kim Haws, who attended the meeting with Assistant City Manager Jimmy Smith, said the Home Rule Board didn’t appear to have any problems with the amendment to the city’s home rule application.
“The city is excited that they have the authority at this point to determine the fate of the indoor recreation complex,” Haws said.
Bridgeport Mayor Bob Greer echoed Haws’ sentiments.
“It’s something we think is a positive development for Bridgeport, and now we have an opportunity to discuss whether or not there’s grounds to move forward,” Greer said.
Home rule gives cities more say in how they govern.
Municipalities in the home rule program can impose a sales tax if they repeal or reduce some business and occupation taxes.
Bridgeport, one of the four charter home rule cities, is looking at enacting the sales tax in exchange for repealing its B&O tax on manufacturing.
The municipal tax would be in addition to the state sales tax of 6 percent.
The city would raise about $3.18 million from the sales tax and lose $46,459 by repealing the B&O on manufacturing, resulting in $3.13 million in additional revenues, according to financial projections included with the home rule amendment…