What is the purpose of the additional .75% (¾ cent) city sales tax for a ten-year period?
The funds will be used to pay off the Fire Station ($2,500,000) and to build a new outdoor swimming pool ($5,000,000); any remaining funds will be used for the operation and maintenance of the new pool or other purposes as determined by the City Council. The estimated annual payment on $7,500,000 over a 10-year period at 5% interest would be $971,285.
