Tax & Accounting Blog

Glendale Arizona Considers Plan B to Balance Their Budget

Indirect Tax, ONESOURCE, Sales and Use Tax October 3, 2012

Glendale officials have laid out a plan to cut $20 million in city government, if voters approve the November ballot measure  to repeal a sales tax hike, which went into effect 1 August 2012. The Arizona Republic reports “that the possible changes include cutting nearly a quarter of the city’s employees and shuttering two of the three city libraries, an aquatic center, the city’s cable station and all city festivals.” Approximately 250 city jobs would be cut in this process. The city estimates that repealing the 0.7 % tax hike that took effect in August, would equate to the loss of $11 million this year and about $25 million annually through 2017.