All funds collected and received under the provisions of this chapter shall be deposited into the General Fund of the City of Vandalia, and said funds shall be dispersed in the following manner:
(a) Such part thereof as shall be necessary to defray all costs of collecting the taxes levied by this chapter and the cost of administering and enforcing the provisions hereof shall first be paid.
(b) Net available income tax receipts received annually, after applying the provisions of division (a) of this chapter, may be used to defray operating, capital and all other expenses of the City.
(c) One-quarter of the two percent tax rate shall be for the purpose of police, fire and emergency medical services including restoration of staffing levels, purchase of police equipment; renovations/construction to fire facilities, replacement of fire and EMS equipment, including emergency medical service ambulances and; constructing, reconstructing, resurfacing and repairing local streets, thoroughfare streets, and alleys.
(Ord. 15-19. Passed 11-16-15.)