49ers’ property tax for Levi’s slashed in half


first_imgSANTA CLARA — The San Francisco 49ers scored a major victory Wednesday when a county panel cut its Levi’s Stadium property taxes in half, but the fallout from its victory will hurt Santa Clara’s school district and several other public agencies that count on the revenue.Specifically, the district and agencies will have to pay the team a total of $36 million in refunds by June and figure out how to make do with $6 million less a year in tax revenue from then on.The Santa Clara County …last_img

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