With each retail dollar spent in Haines, a penny goes into a special Haines Borough fund for “tourism promotion and economic development” (TPED). As commerce grows and prices rise, year to year, the revenue generated by the TPED 1 percent sales tax also increases. In recent years, this means over $600,000 gets deposited into this borough fund annually. Problem is, a fat chunk of this annual revenue goes unspent, creating a large TPED fund balance.…
