Posted: May 6, 2013 5:27 PM by Andrew Ellison - email@example.com
Updated: May 6, 2013 7:11 PM
REFUGIO - The Stripes store in off Highway 77 in Refugio is getting an 80 percent tax break this year and for several years to come.
The store will get a tax break on any new property acquired to expand the store. That means they only have to pay 20 percent of the taxes for any new value they add in the next year.
And it doesn't stop there. They'll get a 60 percent break in 2014, a 40 percent break in 2015, and a 20 percent break in 2016.
The tax break is a gift from Refugio County for all the business that Stripes store has brought in.
Refugio Mayor Ray Jaso says the store has capitalized on Highway 77 traffic and brought in jobs and money for the city.
"24,000 vehicles come through here everyday, and they stop and they buy food. They buy gasoline," Jaso says.
And in the few years the Stripes has been there, other businesses have popped up along the highway in town.
The sales tax revenue has jumped up 40 percent to over a million dollars a year.
Stripes has also helped with road repairs. They've contributed $300,000 to make the streets strong enough for heavy 18-wheelers.
County Judge Rene Mascorro says the Stripes has helped the county grow. More and more businesses want to invest and take advantage of all the traffic stopping at the store.
He says these tax breaks are a good way to encourage businesses to stay in Refugio and keep growing.
"It's been one big plan to go forward, to help Refugio County grow and to be competitive with the other counties that surround us," Mascorro says.
Refugio County officials also wants to start giving more tax breaks to potential families that want to build homes in the area. That way, the county can grow businesses and population.
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