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Groundbreaking | U.S. Rep. Adam Smith and several other dignitaries were on hand for the groundbreaking of a new senior housing complex. [Local 3]
FRIDAY, AUG. 15, 2014
City moves step closer to new B&O tax A rate of 1 percent on businesses earning more than $5 million per year could generate $5.7 million BY BRIAN BECKLEY bbeckley@rentonreporter.com
Renton administration officials presented the City Council with a preliminary plan to add a business and operations tax in hopes of raising nearly $6 million in revenue the city says it needs to meet its budget in the future. Under the proposal, any business with gross receipts of more than $5 million annually would have to pay a 0.1 percent tax rate/ All governmental and non-profit business would be exempt. A three-year, $1,000 per employee tax credit for new businesses with more than 50 employees was also part of the package to ease the burden on new businesses. According to numbers provided by the City, the new tax would affect about 75 businesses within the city limits and should generate $5.7 million per year in revenue for
An open book The walls are completely down at the Cedar River Library, as builders work to complete this year’s part of the construction in preparation for the building of a new library facility, set to open in fall 2015. In the meantime, a temporary facility is open at 64 Rainier Ave. S. BRIAN BECKLEY, Renton Reporter
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Pharmacy chain picks Renton as first step in Washington market BY BRIAN BECKLEY bbeckley@rentonreporter.com
The city of Renton is now home to the first CVS pharmacy in the state of Washington. The new store officially opened its doors this past weekend and a ribbon cutting was held Monday with dignitaries from the region and from the company. “Renton’s just the perfect place for our first store,” said Hanley Wheeler, senior vice president of field Mayor Denis Law, center, cuts the ribbon on the first CVS in Washington at a ceremony that featured elected officials and representatives from the company. BRIAN BECKLEY, Renton Reporter
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operations for the Rhode Island-based company. Located at the corner of Benson and Carr Road, the 12,500-foot store will be the first of three planned to open in the Seattle market this year. Burien and Poulsbo are next on the list for CVS. Wheeler said Renton was a great place to get a foothold in the region because of its proximity as a Seattle suburb and because its demographics make Renton “the type of town we have a lot of success in.” Wheeler also noted that like the diverse neighborhood in which it sits, employees at the new [ more CVS page 12 ]