(a) The moneys collected under the provisions of this chapter shall be deposited in a special fund known as the Income Tax Revenue Fund, and such Fund shall be disbursed in the following manner:
(1) First, such part thereof as shall be necessary to defray all expense of collecting the tax and of administering and enforcing the provisions of this chapter shall be paid.
(2) Three-fifths of the balance remaining after payment of the expense referred to in subsection (1) hereof shall be deposited in the General Fund.
(3) Two-fifths of the balance remaining after payment of the expenses referred to in subsection (1) hereof shall be deposited in a special fund known as the Capital Improvement Fund.
(b) All collections of delinquent income tax for periods prior to the adoption of this section shall be distributed as follows:
(1) Three-fifths shall be deposited in the General Fund.
(2) Two-fifths shall be deposited in the Capital Improvement Fund.
(c) The Capital Improvement Fund is to be used for the payment of engineering fees; construction costs; material and labor; inspection fees; surveys; subsurface exploration expenses; acquiring of land and rights in land; damages for change of grade; payment of the City's share of assessed improvements; and matching of State and/or Federal funds for one or more of the following purposes or for the payment of notes and/or bonds issued for any of the following purposes as determined by Council.
(1) City Hall parking facilities.
(2) Municipal buildings: Renovation, repairing, remodeling, air conditioning, improving, expanding, construction and development of municipal buildings and of land for municipal buildings. (A.O.)
(3) Streets.
A. New street construction.
B. Paving, repaving or resurfacing of streets; widening of streets and intersections; soil cement treatment of streets; and soil stabilization of unimproved streets.
C. Construction of curbs, sidewalks and gutters.
D. Construction of bridges.
E. Construction of grade separations.
F. Traffic signal synchronization.
(4) Construction of storm and sanitary sewers.
(5) Parks and playgrounds.
A. Construction and development of new parks and playgrounds.
B. Construction, improvement and development of land or buildings in the present park system.
C. Repair, construction, improvement or expansion of the City zoo.
(6) Centralized garage.
(7) Urban renewal.
A. Stop Gap Financing for Phase One of Historic Onesto, LLC Redevelopment Project.
B. Stop Gap Financing for the Hall of Fame Village Project.
C. Stop Gap Financing for Phase One of the Hercules Redevelopment Project.
(8) Motor vehicles.
(9) Emergency alarm system. (fire and/or police alarm).
(10) Debt retirement for those purposes provided in (1) through (9) above.
(11) Leasing and/or purchase of equipment having a life expectancy in excess of five years.
(12) Municipal street lighting utility payments.
(13) Demolition of blighted and dilapidated residential structures in conjunction with the Stark County Land Reutilization Corporation's residential housing demolition grant reimbursement program.
(d) In regard to the increase in the tax levied on income from one percent to one and three-tenths percent effective September 1, 1968, and the increase in the tax to one and fourteenths percent effective January 1, 1969, and the increase in the tax to one and five-tenths percent effective Januaty 1, 1970, after the cost and expense of collecting the tax and all administering and enforcing the provisions of the income tax chapter as designated in subsection (a)(1) hereof, shall be allocated to the General Fund for wages and salary increases, services and general fund expenditures, including the payment of the Police and Firemen's Pension Fund liability.
(e) In regard to the increase in the tax levied on income from one and five-tenths percent (1.5%) to one and nine-tenths percent (1.9%) effective October 1, 1981, after the cost and expense of collecting the tax and administering and enforcing the provisions of the Income Tax Chapter as designated in subsection (a)(1) hereof, three-tenths of one percent (.3%) shall be allocated to the General Fund for the purpose of rehiring police officers, firefighters and other essential City employees in order to restore basic City services and to provide salary and wage adjustments to all City employees; and one-tenth of one percent (.1%) shall be allocated for the lease and/or purchase of motorized vehicles, the lease and/or purchase of information communication equipment, and for the maintenance of such leased or purchased vehicles and equipment. In regard to the increase in the tax levied on income from one and nine-tenths percent (1.9%) to two percent (2%) effective October 1, 1982, after the cost and expense of collecting the tax and administering and enforcing the provisions of the Income Tax Chapter as designated in subsection (a)(1) hereof, one-tenth of one percent shall be allocated to the General Fund for the purpose of rehiring police officers, firefighters and other essential City employees in order to restore basic City services and to provide salary and wage adjustments to all City employees.
(f) In regard to the increase in the tax levied on income from two percent (2.0%) to two and five-tenths percent (2.5%) effective July 1, 2018, after the cost and expense of collecting the tax and administering and enforcing the provisions of the Income Tax Chapter as designated in subsection (a)(1) hereof, one-tenth of one percent (.1%) shall be allocated to the General Fund for public safety (police and fire) and other general operating expenses; one-half of one-tenth of one percent (.05%) shall be allocated to the Capital Improvement Fund for city infrastructure, streets and roads; one-half of one-tenth of one percent (.05%) shall be allocated to a specifically designated fund established by Council for neighborhood development, including demolitions and housing programs; and three-tenths of one percent (.3%) shall be allocated to a specifically designated fund established by Council which shall be used exclusively for purposes prioritized in the most current Comprehensive Plan, and subsequent amendments approved by Council, including economic and downtown area development, job creation, expansion and retention.
(Ord. 27-2018. Passed 2-5-18.)