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WILMINGTON, NC (WWAY) — In a proposal to the Wilmington City Council for their consideration Tuesday evening, City Manager Sterling Cheatham reports that the city will have an unexpected $1 million extra in sales tax revenue for this fiscal year.

“Based on current year receipts, it is forecast that the City’s sales tax revenue will exceed budget by approximately $1,000,000,” the city manager wrote in his proposal.

One line later, though, he’s ready to spend half of it on further studies and legal fees for the new Wilmington Convention Center hotel and the baseball stadium. The move would use the extra sales tax money to pay for the expenditures instead of taking it out of the 2012/13 budget.

“The total amount requested for both projects (hotel and stadium) is $492,760,” the proposal says. “In an effort to utilize unanticipated excess sales tax revenue and maintain the balanced recommended budget for FY 2013, it is recommended that Council approve this appropriation.”

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16 Comments on "FIRST ON 3: Wilmington City Manager reports $1 million in extra city sales tax revenue; Wants to spend half on baseball & hotel"

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Guest2020
2016 years 2 months ago

If this stadium was such a great money-maker, there would be a lot more private investments in it.

As it is, I noticed today that there are a lot of main roads that need improvement. At times today, I felt as if I was driving in Brunswick County. But, at least Brunswick County is working to improve a lot of the main roads. The Wilmington Idiot is hellbent on building this stadium so Wilmington will be getting a new stadium. Hopefully, this will be the straw that breaks the camel’s back and the citizens of Wilmington will finally vote these dimwits… Read more »

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Brian
2016 years 2 months ago

Here’s a novel idea: Since the taxpayers have been overcharged, let’s get a refund!

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