EGF Sales Tax
Doug Barrett | Apr 13, 2018 AT 7:55 am
Initial numbers are starting to roll in on city sales tax collections in East Grand Forks. The city began levying the voter approved local tax the first of the year.
In January the one-percent tax generated nearly 61-thousand-800 dollars. The city payment was reduced some 18-thousand dollars due to a state imposed start-up fee plus a monthly administrative cost. The initial payment to city hall was 43-thousand-748 dollars. An estimated February payment should net another 45-thousand.
Tax proceeds are being used to pay off bonds for improvements to the city’s swimming pool. The tax is expected to come off in five years - or when two-point-eight million dollars has been raised.
Meanwhile…liner repairs on the pool project are slated to begin once warmer weather arrives. Failed pipes and liner issues closed the swimming hole for all of last year. The cost of the liner alone is estimated at around 80-thousand dollars.