Discover and read the best of Twitter Threads about #DolllarStoreProblems
Most recents (1)
When dollar store chains move into town, they can have a disastrous effect on local tax revenue.
Take, for example, the story of Haven, KS, which lost more than $50,000 in annual revenue after a Dollar General pushed out the town’s only grocery store. 🧵1/
#DolllarStoreProblems
Take, for example, the story of Haven, KS, which lost more than $50,000 in annual revenue after a Dollar General pushed out the town’s only grocery store. 🧵1/
#DolllarStoreProblems
At first, the opening of a Dollar General seemed like good news for the town of Haven.
The year after the store opened there, sales tax revenue grew by $60,000. 2/
The year after the store opened there, sales tax revenue grew by $60,000. 2/
But then the town’s only grocery store started losing an average of $1,000 per day, the equivalent of 35-40% of its total sales.
The store closed permanently 3 years later—and with it, the town lost the $75,000 in property taxes the grocery store had been paying annually. 3/
The store closed permanently 3 years later—and with it, the town lost the $75,000 in property taxes the grocery store had been paying annually. 3/
