Unless otherwise provided by Village Council, the funds collected under the provisions of this chapter shall be deposited in a special fund known as the Income Tax Revenue Fund and such funds shall be disbursed in the following manner:
(A) Such part thereof as is necessary to defray all expense of collecting the tax and of administering and enforcing the provisions of this chapter shall be paid first.
(B) The balance remaining after providing for the expense referred to in division (B)(1) hereof, shall be appropriated by Council for the following purposes:
(1) General village operations;
(2) Street improvements and equipment;
(3) Other capital improvements and equipment;
(4) Parks and recreation; and
(5) Debt retirement.
(Ord. 2015-32, passed 12-14-2015)