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Payson council postpones vote on resolution to dedicate 1% sales tax until after election
Summary
The Payson Common Council voted to postpone consideration of Resolution 34-64, which would dedicate a 1% sales-tax increase to debt repayment, roads and capital improvements, pending the outcome of a separate bond election.
The Payson Common Council on Oct. 22 postponed action on Resolution 34-64, a proposal to dedicate a 1% sales-tax increase adopted by Ordinance No. 964 into designated funds for debt repayment, road maintenance and capital improvements.
Town Manager Darren presented the measure, describing it as a way to “take 1% of the sales tax and to put it aside to pay down the emergency services debt,” and said roughly half of the revenue (he estimated about $2.5 million) would go to debt reduction. He said the approach would create separate fund accounting so residents could see how the money is spent.
The resolution…
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