According to the Moscow-Pullman Daily News, Finance Director Troy Woo reported at the July 26 Pullman City Council meeting that 2004 sales tax revenues were down because fewer major construction projects are happening in the city. Meanwhile cash reserves are dropping and may go negative by 2008.
Councilman Keith Bloom asked Woo, "Is it fair to say one way to help our budget situation is to encourage our retail and expand our sales tax base?" Woo agreed and said conservative spending and growing the retail sales tax base would help the city's financial picture.
"The more businesses we get in, the better off we'll be," added Mayor Glenn Johnson.
This is what I have been saying all along. Pullman needs Wal-Mart. Any questions?