Cuyahoga County residents will vote on an alcohol and tobacco sin tax to support three sports stadiums in Cleveland
Last Tuesday, the Cuyahoga County Council unanimously approved a cigarette and alcohol tax levy intended to "help keep professional sports teams in Cleveland and promote economic development in the city," Bond Buyer reports. County residents will vote on the tax in May. The existing levy "to finance debt service and repairs to the stadiums" has been in effect since 1990, but it is set to expire in 2015. The new tax is "projected to raise $160 million through 2035." Should it fail to pass, the city and county will be responsible for an estimated $13 million a year in upgrades, the article said. For more, read the full story.
