SLO considering another new sales tax and $400 million in spending

On top of the city’s existing .5 percent sales tax, San Luis Obispo officials are putting forward the idea of a 1 percent sales tax and additional property taxes, in order to fund infrastructure projects that are said to require $400 million in fresh capital.

Currently, San Luis Obispo has a 7.75 percent sales tax rate, the same rate as the other six cities in SLO County, each of which have also adopted half-cent sales taxes. Read More …