(A) One hundred percent (100%) of gross income tax receipts received annually shall be paid into the General Fund and used to pay all costs of collecting the taxes and the cost of administering and enforcing the provisions of this chapter and to pay operating expenses of the City.
(B) Zero percent (0%) of the gross income tax receipts shall be paid into the Capital Fund and shall be set aside and used for capital improvements for the City, including but not limited to, development and the construction of sanitary sewers, storm sewers, and street improvements; for public buildings, parks and playgrounds; and for equipment necessary for the police, fire, and the public service departments. (Ord. 2020-9. Passed 11-2-20.)