Wal-Mart's revenues last year exceeded $200 billion! That's $200 billion with a "B."
Calexico Wal-Mart's taxable sales last year were approximately $50 million. Calexico has been refunding our tax moneys to Wal-Mart for the last eight years. The total amount of our tax money that has been refunded to Wal-Mart in Bentonville, Ark., is approximately $2 million.
That's $2 million out of Calexico, out of Imperial County and out of California!
More bad news — Calexico will be "squeezed" by Wal-Mart of our tax money for the next seven or eight years!
What about poor little Calexico?