Year’s first quarter sales tax tops $116,000
■ City sales tax funds expected to drop at least 20 percent. PAGE 1.
By Jan Schultz
The Imperial Republican
Tallies are in for the 2014 first quarter city sales tax, and they are up considerably from the first quarter of 2013 by about $4,500.
Pick up your copy of The Imperial Republican to view the Monthly sales tax proceeds.
March was the biggest month in the quarter with $45,657.93 received in the city coffers.
Sales in the month of January produced $40,624.80 in city sales tax proceeds, while February was at $30,037.28.
For the quarter, the city realized a total of $116,319.91. Among those dollars was more than $16,500 from the city sales tax on motor vehicles. By law, that money is deposited in the city’s street fund.
The rest, around $100,000 for the first quarter, will be split 50/50 between economic development and community development funds used for 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 alone directs spending of the community development funds, it often happens after requests from local groups, organizations or individuals who suggest projects.
Use of all city sales tax funds must have a final council majority vote.
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.