How does the loss of Kmart and businesses like Scotts Valley Sprinklers hurt our needed revenue?

Kmart was one of our largest sales tax producers so this loss is significant. The loss of any business hurts the City’s finances, particularly businesses such as Kmart and Scotts Valley Sprinklers. 

The City Council considered this matter in December 2019 and appointed the Vice Mayor to spearhead the retail replacement and economic development strategy.  The City is working to identify a desirable replacement that will add to Scotts Valley’s retail amenities. This is significant in that the City did not have to act as the transaction is one between private parties. The City, however, did not want to be on the sidelines and so elected to get involved to help shape an outcome positive for the community.

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1. What is Measure Z?
2. What would the new funds be used for?
3. What happens if the tax doesn't pass?
4. What items are charged sales tax?
5. Who pays sales tax?
6. How much will this cost families on average each year?
7. How is the sales tax spent in the City?
8. What is the sales tax rate? Who gets it?
9. If the sales tax does not pass, could others get the tax instead of Scotts Valley?
10. How else will the City address the need for more revenue?
11. How does the loss of Kmart and businesses like Scotts Valley Sprinklers hurt our needed revenue?