(A) An excise tax shall be imposed upon all utility customers within the city limits. Use of the excise tax revenue shall be limited to funding the Public Safety and Support Services Programs within the city’s Capital Improvements Program.
(B) The excise tax shall be reviewed on an annual basis by the Budget Committee. Upon review of the capital improvements excise tax, the Budget Committee shall make recommendations to the City Council on the amount of the excise tax. No annual increase in the excise tax can exceed 5%, and no series of annual increases added together can exceed 20% over a five-year period.
(C) The City Council shall approve the amount of the capital improvements excise tax by resolution prior to July 1 each year.
(D) The capital improvements excise tax is not covered by the annual fee adjustment.
(Prior Code, § 2.800) (Ord. 1990-05, passed 5-14-1990; Ord. 1991-09, passed 9-9-1991)