It appears a resolution that outlines how McMinnville officials should spend the city’s local option sales tax recovery money is on its way out the door.
The city’s Finance Committee voted unanimously to recommend rescinding a 2013 resolution that links the sales tax recovery money to city capital improvement projects. The measure is now on its way to the full Board of Mayor and Aldermen.
“We have, over the last three years, spent $3.8 million out of the general fund,” said Alderman Everett Brock. “So, we have spent the money and the spirit of the law has been achieved. What we would like to do from now on is put that money into the general fund and use it that way.”
The city has been using money from the general fund to pay for capital improvement projects and stockpiling sales tax recovery money.
Brock is on the Finance Committee with Aldermen Steve Harvey and Ryle Chastain.
“I agree,” said Chastain.
Brock, “Make a motion.”
“Yep,” said Chastain.
Brock, “So, make a motion to reclassify it (sales tax recovery money) as unrestricted funds to the board?”
“Yes,” said Chastain.
Harvey gave a second. The measure passed unanimously.
The Board of Mayor and Aldermen’s next regular session is Feb. 11 at 7 p.m.