By News Director Jared Atha
During the latest Elk City Commissioner’s proceedings, the Commission approved to re-purpose sales tax intake to go towards city employee’s pay.
As explained by city financial adviser Meredith Meacham-Wilson to the Commission, the current sales tax rate in the city stands at 4.5%, with 1.5% dedicated to debt service, half a percent goes towards the hospital with the other whole percent going towards funding CAPPs projects.
She explained that the remaining 3% is split between general operations – which funds city employees, and capital improvements. Meacham-Wilson said that as the city prepares the budget, City Manager Tom Ivester has been looking closely at re-appropriating sales tax funds.
By News Director Jared Atha
During the latest Elk City Commissioner’s meeting, City Manager Tom Ivester suggested to the Commission of continuing a pay increase on water bills to fund infrastructure improvements in the city.
Ivester says the increase on the bill was established to help pay off a loan that funded the new water plant at the city’s water fields south of Sayre. He says that loan is scheduled to be paid off during the summer of 2023, however feels that by leaving the increase on the water bills, the funds could go towards much needed improvements for the city.
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