The funds collected under the provisions of this chapter shall be deposited in the below listed Municipal Income Tax Funds and said funds shall be dispersed in the following order, to- wit:
(a) (1) City Income Tax Fund “A” shall receive the monies from the 1% Municipal Income Tax and the cost of administering and enforcing the provisions thereof.
Annually the foregoing costs shall be allocated on a proportionate basis to the City Income Tax Funds “B”, “C” and “D”.
(2) The net available income tax receipts shall be allocated to the General Fund and the Capital Improvement Fund as determined annually by the City Council upon passage of the Annual Appropriation Ordinance.
(b) (1) City Income Tax Fund “B” shall receive the monies from the 0.5% Municipal Income Tax and shall absorb annually is proportionate share of costs as indicated in division (a) of this section.
(2) The net available income tax receipts shall be allocated to the proper funds for expanded police protection and emergency medical services and a continuation of the Capital Improvements Program, Community Development Program and Park and Recreation Program with an emphasis on Senior Citizen and Youth Activities.
(c) (1) City Income Tax Fund “C” shall receive the monies from the 0.25% Municipal Income Tax and shall absorb annually its proportionate share of costs as indicated in division (a) of this section.
(2) The net available income tax receipts shall be allocated to the proper funds to institute treatment of the public water supply, including but not limited to rust removal and to provide for improvements of the Miamisburg Water Plants.
(d) City Income Tax Fund “D” shall receive the monies from the remaining 0.5% Municipal Income Tax and shall absorb annually its proportionate share of costs as indicated in division (a) of this section.
The net available income tax receipts shall be allocated to the proper funds for police, fire, and other operating and capital expenses of the City.
(Ord. 5480. Passed 11-21-00; Ord. 5744. Passed 11-18-03; Ord. 6176. Passed 2-16-10.)