Measure to offer incentives for downtown Kum & Go in Silt came and went | PostIndependent.com
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Measure to offer incentives for downtown Kum & Go in Silt came and went

Post Independent Writer

Silt voters have rejected a proposal to offer incentives for a new Kum & Go convenience store downtown.The measure failed 465-358, or 57 to 44 percent, according to unofficial final results released early Wednesday morning.The measure would have reimbursed Kum & Go through a STIP (sales tax incentive program) over several years for certain public improvements needed for construction of the store.The Town Board had argued that the inducements would have ended up benefiting the town because of the sales tax revenues resulting from the project.The reimbursement was not to have exceeded $453,000 over a period of seven years.The reimbursement was not to have exceeded $453,000 over a period of seven years.


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