(a) The one percent (1%) funds collected under the provisions of this chapter shall be used, applied and appropriated for the following purposes only, and in the following order:
(1) To the payment of all costs of collecting the taxes levied by this chapter and the expense of administering and enforcing the provisions thereof, including the payment of refunds and making of reciprocity payments to other municipalities in accordance herewith.
(2) To the General Fund of the city an amount equal to the cost of providing garbage and refuse collection disposal, provided, however, that such net amount shall be limited to the difference between the total cost of such service and the amount generated by the refuse collection and disposal fee set forth in Section 941.02(a).
(3) To the General Fund of the City an amount not to exceed Twenty-Five Percent (25%) of the year's net collection annually based on the previous year's net collection but in no event less than thirteen thousand three hundred dollars ($13,300) annually to defray part of the cost of operating and maintaining the Division of Police and improving the protection of life and property; provided, however, for the calendar year of 1983 and thereafter the one percent (1%) funds collected under the provisions of this chapter and allocated under this subsection (a)(3) shall be used, applied and appropriated as follows: if required, to the General Fund of the City an amount not to exceed ten percent (10%) of the year's net collection annually based on the previous year's net collection to defray part of the cost of operating and maintaining the Division of Police and improving the protection of life and property.
(4) Any costs of preparing and amending a Charter.
(5) The remainder of the one percent (1%) funds collected under the provisions of this chapter shall be used, applied and appropriated for the following purposes only and in the following order:
(a) Eight percent (8%) to the Capital Improvement Fund;
(b) Sixty-seven percent (67%) to the Income Tax Fund.
(b) The one-half percent (1/2%) funds collected under the provisions of this chapter shall be allocated as follows:
(a) Twenty-five percent (25%) to the General Fund;
(b) Eight percent (8%) to the Capital Improvement Fund;
(c) Sixty-seven percent (67%) to the Income Tax Fund.
(c) For the accomplishments and furtherance of all or any of the purposes specified in subsections (a)(2), (a)(4), (a)(5) and (b) hereof, Council may from time to time create and establish such funds and appropriate moneys collected under the provisions of this chapter at such times and in such amounts as it may deem necessary or expedient and in the public interest. (Ord. 67- 2015. Passed 12-7-15.)