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Council adopts ordinance to split food-and-beverage tax into four funds
Summary
Ordinance 26-13 passed 9-0 to create four separate accounts for the 1% food-and-beverage tax receipts after a controller recommendation; councilman explained the move follows a suggestion from the state board of accounts and cited Indiana code.
The council adopted Ordinance 26-13 on final reading to create four new funds for municipal food-and-beverage tax monies. Councilman Wuerpel explained that the 1% food-and-beverage tax approved in June 2024 must be separated into distinct accounts at the request of the city controller and on recommendation of the state board of accounts. "Going by the numbers...fund 3326 is the food and beverage redemption account; fund 3327 is the food and beverage rebate fund; and fund 3343 is the food and beverage depository fund," he said.
The ordinance was moved for final passage and adoption, seconded, and approved unanimously by roll call (9-0). Council members said this step is an accounting measure rather than a new tax.
