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Cheyenne budgets $12.5 million annually from voter-approved fifth‑penny sales tax under Resolution 6248
Summary
Public Works presentation summarized the fifth-penny (1% sales) tax: voters approved collections for a set four‑year term (2023–2026), with the tax estimated at $50 million overall and $12.5 million per year; Resolution 6248 describes allowable uses.
Director Vicky Nemechek described the city’s special revenue fund commonly called the "fifth penny" or 1% sales tax, which voters approved for a set number of years. The presentation said the tax collection period runs from 2023 to 2026 and that the initial estimate for the collection period was $50,000,000, which is budgeted as $12,500,000 per year plus a portion of interest.
Nemechek referenced Resolution 6248 as the document that describes how the tax will be used and summarized the fund allocation as presented in the budget materials. A councilmember asked whether the fifth penny reauthorization would typically be combined with the sixth penny ballot measure; Nemechek said the city has not historically held those measures together and that she would check the records to confirm timing.
No council action was taken during the presentation; staff indicated they would provide additional election-timing or reauthorization information if council requested it during the budget review process.
