(A) It is hereby declared to be the purpose of the revenues generated by the first and second cent sales taxes levied herein to provide revenues for the support of the functions of the municipal government of the city.
(B) It is hereby declared to be the purpose of the revenues provided by the additional 1.5% excise tax levied by Ord. 87-3 to provide revenues for the payment of the principal of and interest on bonded indebtedness to be incurred by the Public Works Authority, a duly-constituted authority of the city, for the improvement of the sewer system and for the benefit of the General Fund of the city.
(C) It is hereby declared that the revenues provided by the additional 1% excise tax levied by Ord. 2002-01 are restricted for emergency services for the city and shall be utilized by the volunteer Fire Department for the purpose of purchasing and maintaining firefighting equipment only.
(Prior Code, § 7-205) (Ord. 2002-01, passed 8-20-2002)