PROPOSITION
#1
¼ RE-DEDICATION OF THE EXISTING 1981
ONE CENT SALES TAX DEDICATED FOR POLICE PROTECTION
To the voting citizens of Youngsville:
Your city officials have unanimously
responded to the recommendations of the Youngsville
Chief
of Police and the Smart-Growth Committee by having Proposition
#1 placed on the
February 9, 2008 ballot. This letter is
intended to provide you with background information
that will
assist toward a better understanding of what Proposition #1 will
accomplish.
When the 1981 One Cent Sales Tax
was first enacted, it generated about $10,000 per month
to fund
the operations of the Youngsville Police Department. Presently,
it generates an average
$76,986.25 per month that is dedicated
to Police Department operations. For the year ending
June
30, 2007, the cost to operate the Police Department averages
out to be $45,945 per month,
which leaves a tremendous monthly
surplus which cannot, by law, be used for anything else
unless
the tax payers direct otherwise. For 2007, the Police Department
spent $545,934 and
showed a surplus of $340,856. The accumulated
Police Department surplus account presently
has a balance of
almost $1,000,000.
The passage of Proposition #1 will
rededicate ¼ of the future 1981 One Cent sales tax revenues
to
provide funding for road improvements and construction. By
combining this ¼ Cent re-dedication
with other resources
available to the city, the Youngsville City Council will be in
a position during
the next 15 years to direct over $10,000,000
toward necessary road improvements without the
need for any additional
tax burden over the present levels we enjoy.
I urge all voters to vote
on February 9, 2008
Wilson B Viator Jr., Mayor
__________________________________________________________
CITY
OF YOUNGSVILLE
PROPOSITIONS
PROPOSITION
NO. 1
(SALES TAX REDEDICATION)
SUMMARY: REDEDICATION OF THE
USE OF THE PROCEEDS HERETOFORE OR HEREAFTER RECEIVED
FROM THE
LEVY AND COLLECTION OF THE CITY’S 1% SALES AND USE TAX
AUTHORIZED AT AN
ELECTION HELD ON APRIL 27, 1968 SO THAT SUCH
PROCEEDS MAY BE USED NOT ONLY FOR THE
PURPOSES AUTHORIZED AT
SAID ELECTION (SEWERS AND SEWERAGE DISPOSAL WORKS AND
WATERWORKS)
BUT ALSO FOR THE PURPOSES OF CONSTRUCTING, IMPROVING AND MAINTAINING
PUBLIC STREETS, ROADS, ALLEYS, SIDEWALKS, DRAINAGE FACILITIES
INCIDENTAL THERETO
AND ACQUIRING EQUIPMENT THEREFORE; AND AUTHORITY
TO FUND THE TAX PROCEEDS INTO
BONDS OR USE THE TAX PROCEEDS TO
PAY ANY BONDED OR FUNDED INDEBTEDNESS OF THE
CITY INCURRED FOR
SUCH CAPITAL PURPOSES.
Shall the City of Youngsville, State
of Louisiana (the “City)) under the provisions of Article
VI,
Section 29 of the Constitution of the State of Louisiana
of 1974l, and other constitutional and
statutory authority, be
authorized to rededicate and use the proceeds heretofore or hereafter
received from the levy and collection of its one percent (1%)
sales and use tax authorized to be,
and now being levied and
collected pursuant to an election held in the City on April 27,
1968
(the “Tax Proceeds”) so as to permit the use
of such Tax Proceeds not only for the purposes
authorized at
said election (sewers and sewerage disposal works and waterworks)
but also for
the purposes of constructing, improving and maintaining
public streets, roads, alleys, sidewalks,
drainage facilities
incidental thereto and acquiring equipment therefore; and further
shall the
governing authority for the City be authorized to fund
the Tax Proceeds into bonds or use the
Tax Proceeds to pay any
bonded or funded indebtedness of the City incurred for the aforesaid
capital purposes, to the extent and in the manner provided by
state law. |