The funds collected under the provisions of this chapter shall be deposited in the Municipal Income Tax Receipt Fund and such funds shall be disbursed monthly in the following order:
(a) Two thousand dollars ($2,000) to defray all costs of collecting the taxes and cost of administering and enforcing the provisions hereof.
(b) The balance of such funds available shall be disbursed for the following purposes:
Percentage Purpose 39.0% For maintenance, repair, and/or improvement of municipal streets and roadways. 7.5% For recreation and recreation facilities. 5.0% For maintenance, repair, and/or improvement of municipal buildings. 2.5% For improvement and upgrading of the Fire Department. 46.0% Subject to appropriation and expenditure by Council for any lawful purpose for which monies from the General Fund may properly be expended. |
(Ord. 1272-2019. Passed 12-16-19.)