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City outlines allocations for state shared revenues; street fund to receive largest share
Summary
City Administrator Matt Michel presented the annual state-shared revenue report proposing $396,301 to the Street Fund, $75,000 to the General Fund, $63,651 to Parks & Recreation, and $11,760 to a Law Enforcement Fund share of marijuana taxes.
At the statutory public hearing on state-shared revenues, City Administrator Matt Michel summarized the city's proposed allocations for liquor, cigarette, marijuana and highway gas tax receipts.
Michel reported the Street Fund would receive $396,301 from highway gas tax receipts, while the General Fund would receive $75,000 (liquor and cigarette taxes), Parks and Recreation $63,651 (liquor and marijuana taxes), and a Law Enforcement Fund share of $11,760 from marijuana tax receipts. Mayor McCoy opened and closed the hearing with no public comment.
The hearing fulfilled the reporting requirement; no Council action was taken at the hearing beyond acknowledging the required presentation and entering the allocations into the public record.
