At the September fifth Rapid City Council meeting, Mayor Steve Allender proposed alterations to city sales tax revenue allocations, reports the Rapid City Journal. Under the proposed changes, the percentage of revenue given to the City’s general fund and capital improvement plan will be increased while the amount given to the Vision Fund will be decreased and the utility support fund will be eliminated.
Out of the four funds that receive sales tax revenue, the general fund currently receives the most and will be raised to receive fifty percent of income, a four percent increase. The capital improvement plan will receive a six percent increase, bringing it up to twenty-nine percent while the vision fund will be decreased two percent and the utility support fund will receive no allocation of revenue at all, eliminating the fund.
The changes passed with an eight to two majority by the council but still need to be passed by the city finance and legal committee as well as voted on again by the council in order for the changes to take effect. The projected loss for the Vision Fund, which sets aside money for any future renovations to the Rushmore Plaza Civic Center, would see a decrease of about $1.1 million while the general fund would increase by $2.2 million and the capital improvement plan by $3.4 million.
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