(A) The town will be receiving the proceeds of the Public Safety Income Tax for use of public safety related expenditures for the town.
(B) The town needs to establish a non-reverting fund to receive and hold said tax revenues prior to their expenditures.
(C) Therefore it is ordained that there be established a new fund, Fund 249, known as the LIT Public Safety Fund.
(Ord. 1578-1-17, passed 1-18-2017)