Third quarter city sales tax report shows close to $120,000 comes in
By Jan Schultz
The Imperial Republican
A report on the third quarter proceeds from Imperial’s city sales tax shows a total of $119,826.56 brought in from July, August and September qualified purchases in the city.
July had the best month of the three with $46,158.63 received. August showed $37,605.92, while September proceeds tallied $36,062.01.
July and September of this year brought in more revenues than during those same months in 2012. However, August 2013 wasn’t as good as August 2012.
July’s $6,158.63 was the fourth consecutive month for sales tax receipts over the $40,000 mark.
When each month’s funds are received, the city sales tax that had been paid on vehicles is moved to another account for use in the city street department fund as required by law.
What is left is split 50/50 between economic development and community development projects approved by the city council.
Recommendation for spending from the economic development funds comes to the council from a Citizens Advisory Committee, but must have final council approval.
While the council solely directs spending of the community development side of the funds, it often happens after requests from local groups or organizations. Use of all city sales tax funds must have a council majority vote.
Some of the recent projects for which sales tax money was used include the parking improvements at Imperial Manor and new playground equipment in the Max Addition Park. It is also being used to pay off swimming pool bonds and street projects.
The city’s one percent sales tax is added to the state’s 5.5 percent on qualified purchases in the city limits for a total of a 6.5 percent sales tax here.
Imperial voters approved the city sales tax in November 2006. It went into effect the following April.