Written by The Business Journal Staff
People in Corcoran and Lindsay will feel a slightly larger pinch at the cash register when new tax rates begin Oct. 1.
The California Department of Tax and Fee Administration released its new tax rates, which, for Corcoran mean a 1-point increase, going from 7.25 to 8.25 percent, and for Lindsay, 7.75 to 8.75 percent.
The increases are due to recent voter initiatives passed this June as a part of Measure A for Corcoran and Measure O for Lindsay, and both were for safety services and infrastructure, according to ballotpedia.com.
For Corcoran, the measure passed by 58 percent and revenue would go to general city services, parks, first responders and disaster preparedness. Bill proponents estimate an annual $1M added to the budget.
In Lindsay, a 68 percent majority approved similar services. They anticipate $900,000 annual revenue, according to ballotpedia.com.