By Jan Schultz
The Imperial Republican
For the 12th time, the city’s monthly proceeds from its one percent sales tax on qualified purchases topped the $30,000 mark.
May’s sales tax receipts were the 26th month for the collection of the tax in Imperial, which started in April, 2007, after voter approval.
So, for nearly half of those months, the city’s take exceeded the $30,000 mark.
For May, 2009, the income electronically deposited in the city’s account totaled $30,683.84. With that included, the total coming to the city since the tax started topped $770,000.
Of the $30,683.84 received in May, $4,683.56 was from the one percent sales tax collected from motor vehicle sales.
Based on voter approval in November, 2006, half of the proceeds taken in by the city each month are divided 50/50 between community projects (most of which is paying off the swimming pool bonds) and economic development (much of which will pay off the bonds purchasing the Miller farmground for a city industrial site).
Additional city sales tax funds have also been earmarked for doctor recruitment, assistance to Mid-Plains Community College for purchase of its new office site in Imperial, purchase of playground equipment and construction of the Lions restroom facility in Campbell Park later this year.
Imperial’s one percent sales tax is added to Nebraska’s 5.5 percent sales tax for a total of 6.5 percent on purchases in Imperial.