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Waukee council adopts 2% utility franchise fee to replace 1% sales tax tied to MidAmerican transaction
Summary
The Waukee City Council approved a third-reading ordinance imposing a 2% franchise fee on electric and natural gas revenues tied to the MidAmerican sale, a change staff says will generate about $900,000 and replace the existing 1% sales tax on utility bills.
Waukee — The City Council voted to adopt a 2% franchise fee on electric and natural gas revenues derived by MidAmerican Energy Company within city limits, a measure staff said will replace a 1% sales tax applied to utility bills and is expected to generate roughly $900,000 for city services.
Brad (staff) told the council that "staff is recommending consideration of a 2% franchise fee on electric and gas utilities," explaining the fee would replace the existing 1% sales tax so the city would…
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