Top Stories October 3, 2016

SPET Tax for START Housing?

by Jackson Hole. Media

Plans to build housing for up to 67 people will be presented today at the Joint Town and County Information Meeting with a price tag on design documents for 24 units at the START Bus facility on Snow King Avenue and authorities will consider reversing a decision on taxes to pay for it.

Officials are proposing the units in approximately 18,250 square feet with a proposed mix of 12 two-bedroom, 7 one-bedroom, and 5 studio units that totaled together could house 67 employees.

The site plan will also provide storage, laundry, and trash/recycling and includes 24 parking spaces which are shared with the facility.

A design team led by Jorgensen Associates was selected and contracted for the planning and design of the employee housing was  as part of the master plan for the facility.

The estimated, not to exceed cost to complete contract documents for the START Facility Employee Housing is $640,740.

Some elected officials have balked at the fact that the funding for the proposal has not been identified, but possible sources will be discussed today. Among them is a potential resurrection of the soon to expire SPET tax. This in spite of the decision let the SPET tax die after the money approved to fix the Budge hill slide.

Officials chose to seek a 1-penny sales tax increase to appear on the ballot this coming election and promised not to seek SPET funding in the future. If they go back on this pledge, sales would be taxed 7%. Currently the tax rate is 6%.

Other funding options include tax exempt bonding mixed with existing reserves. The cost of the completed project is expected to top 6 million dollars.

Comments 5
  • Good piece, JH Media! Thanks for the heads up.
    http://savehistoricjacksonhole.org/2016/10/well-that-didnt-take-long/

  • We must defeat the blank check General Excise Tax increase and reinstate SPET. SPET is the right way to fund projects like this with public input and oversight. I support public money for housing for public employees. This project for housing at the START Bus barn is on the right track.

  • Let’s not kick the can down the road again. By voting for the 1% local option sales tax by November 8th, we can generate up to $48 million in recurring revenue over the next four years dedicated to financing affordable housing projects and transportation choices. And approximately 60% of the 1% local option sales tax will be paid for by tourists. Now is the time to protect our quality of life in Jackson. Vote for the 1% local option sales tax. For more information visit cpcjh.org

    • So, we should just ignore the fact that we were sold the general sales tax increase as a REPLACEMENT for the SPET tax, and now it’s clear that the SPET tax is going to be shoved down our throats again.

      How stupid do you think we are?

  • WELCH: “fail to honor (a debt or obligation incurred through a promise or agreement)”.

    Vote NO.

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