The funds collected under the provisions of this chapter shall be deposited in the General Fund, and said funds shall be distributed, from the effective date of this chapter through its termination, in the following order:
(1) Such part thereof as shall be necessary to defray all costs of collecting the taxes and the cost of administering and enforcing the provisions of this chapter shall first be paid.
(2) The balance, i.e. the net available income tax receipts received annually, shall be used by the Village at the discretion of Council.
(Ord. 1999-10. Passed 12-7-99.)