City and county officials Thursday announced they’ve come up with a proposed agreement to split the sales tax revenues from any new dealerships. They’ll also split revenue growth from current dealerships.
Rob Leonard is the county’s Economic Development Director.
"With this agreement we’ll be joining forces so that competition between us will no longer be the case and we’ll be looking to grow our existing dealerships and then also attract new auto dealerships."
Leonard says it would be an economic boom for both the city and the county.
Right now, auto sales tax generates about $7.5 million a year in general fund revenue for Sacramento County…for the city it’s $3.5 million.
Both the City Council and County Board of Supervisors will consider the proposed partnership next week.