The funds collected under the provisions of this chapter on and after January 1, 2014, shall be disbursed in the following order, to wit:
(a) Such part thereof as shall be necessary to defray all cost of collecting the taxes and cost of administering and enforcing the provisions thereof.
(b) The balance thereof as follows:
(1) Eighty percent (80%) thereof shall be used to defray operating expenses of the Village, and
(2) Twenty percent (20%) thereof shall be used for capital improvements for the Village (including but not limited to development and construction of sewers and street improvements, parks, playgrounds and public buildings) and equipment necessary for the Police, Fire, Street, Traffic and Safety Departments. (Ord. 930. Passed 11-18-14.)