Friday, July 16, 2021

Town Of Bishop Overestimated Revenue From Dollar General Rezone And Annexation–By A Lot!

***No Sales Tax Gain At All***

The Town of Bishop will receive only a small amount of sales tax revenue from the planned Dollar General on High Shoals Road at U.S. 441, not the $80,000 annually projected by town leaders in April when they annexed and rezoned land for the convenience store.

The amount of money the town will receive–less than $550 annually if company estimates of sales are correct--is exactly the same as the amount it would have received had Dollar General located outside the town limits.