Sales tax proceeds take bounce upward
By Jan Schultz
The Imperial Republican
After a drop in August, city sales tax proceeds were back up for September, according to the most recent Nebraska Department of Revenue report to the city of Imperial.
The city received $36,054.68 in their return from the one percent city sales tax added onto most purchases within the city limits.
Of that total, $4,527.15 went straight into the city street department budget since that amount was from city sales tax added onto vehicle purchases here.
With September’s proceeds added, the gross total of city sales tax income bypassed the $900,000 mark.
The city sales tax was instituted in April, 2007, after city voters in 2006 approved the additional one percent sales tax. It is added to the state’s 5.5 percent sales tax for a total of 6.5 percent on sales within the city limits.
As per the November, 2006, vote, half of the city sales tax proceeds goes to economic development and the other half to community projects.
To be used for economic development, the spending must first be approved by a citizens advisory committee, then gain council approval.
For use on community projects, the city sales tax spending requires only city council approval.