The City of Swobodaville, a city in the lower Midwestern states, has not analyze
ID: 2697766 • Letter: T
Question
The City of Swobodaville, a city in the lower Midwestern states, has not analyzed its tax base for a number of years. A new mayor, elected on a fiscally conservative platform, orders the city manager to conduct such an analysis. The mayor argues that the real tax base has declined in the previous five years. Part of the analysis shows a recent, although small, trend of businesses leaving the city for the suburbs. At the same time, the population is aging. The number of retirees has increased noticeably, but not significantly, in recent years. The analysis reveals that the real tax base has declined slightly in three of the previous five years and increased slightly in the other two years. It also shows that the tax collection rate has fallen off from 95 percent to 93 percent. The city analyzes its position with comparator cities. The following is discovered:
Type of Tax
Personal Income: Comparator: 11%; Swobodaville: 14%
Corporate Income: Comparator: 7%; Swobodaville: 6%
Sales Tax: Comparator: 39%; Swobodaville: 36%
Property Tax: Comparator: 38%; Swobodaville: 36%
Other Taxes/Fees: Comparator: 5%; Swobodaville: 8%
Analyze the tax mix of Swobodaville. In your analysis
Explanation / Answer
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