The funds collected under the provisions of this chapter shall be deposited in the General Fund and said funds shall be disbursed in the following order:
(a) Such part thereof as shall be necessary to defray all costs of collecting the taxes and the cost of administering and enforcing the provisions thereof.
(b) One hundred percent of the net available income tax receipts received annually may be used to defray operating expenses of the Village.
(Ord. 2002-18. Passed 11-4-02; Ord. 2004-35. Passed 12-20-04; Ord. 2009-09. Passed 9-8-09.)