The funds collected under the provisions of this chapter shall be deposited in the General Fund and said funds collected shall be disbursed in the following order, to wit:
(a) Such part thereof as shall be necessary to defray all costs of collecting the taxes and the costs of administering and enforcing the provisions hereof.
(b) Thereafter, the next available income tax receipts received annually may be used to defray operating expenses of the Municipality; and/or
(c) For capital improvements for the Municipality including, but not limited to development and construction of storm sewers and street improvements; for public buildings, park, and playgrounds; and for equipment necessary for Police, Fire, Street, Traffic and Safety Departments. (Ord. 2017-49. Passed 12-18-17.)