1997 BUDGET - Laserfiche WebLink

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General Fund Revenue (con't) Revenues from each of these sources is distributed among the state, counties, and municipalities on a different formula. The revenue received by the City from the Highway Users Tax Fund must be spent on the construction and maintenance of roads and bridges. For 1997, $430,000 in Highway Users Tax funds are projected. Cigarette Tax - The State of Colorado taxes wholesale distributors of cigarettes at the rate of $0.20 per pack. State tax stamps are issued to the distributors as evidence of payment. Each year an amount of State funds equal to 27% of the proceeds from the tax on cigarettes is distributed to counties and municipalities that do not impose any fee, license or tax on cigarettes. The amount received is based on the proportion of State sales tax collected in each municipality. The 1997 budgeted revenues are estimated to be $50, 000. County Road and Bridge Tax - Each county in the state maintains a county road and bridge fund for road and bridge construction, maintenance, and administration, funded by a mill levy property tax. Each municipality located in any county is entitled to receive half of the revenue accruing to said fund, for the purpose of construction and maintenance of roads and streets located within the City's boundaries. Legally, this is the only use for these funds. Boulder County collects this tax and remits to the City quarterly. The 1997 mill levy has been set, bringing an estimated $170,000 in revenue to the City. Motor Vehicle Registration - State law requires payment of an annual registration fee for all vehicles. The amount of the fee is based on the class and use of the vehicle. Out of each fee paid by the owner of the vehicle, $2.50 is credited to the county within which the vehicle is registered. In addition to the base fee, an additional fee of $1.50 is paid for every motor vehicle, trailer, and semitrailer. Both the $2.50 and the $1.50 fee collected by the county are allocated among the county and cities within the county on the basis of the number of vehicles registered in each city. The revenue by the city from registration fees must be spent on the construction or maintenance of roads and bridges. For fiscal year 1997, the City has budgeted $58,000 for motor vehicle registration fees. Charges for Services Burial Fees - A filing fee is charged for the recording of a burial with Boulder County. The fee is $6 per filing for a net of $50. Development Fees - Development fees include the following: Zoning/Rezoning $100; Planned Unit Development $200; Planned Community Zoning District $10/acre; Subdivision $100 plus $20/acre; Special Review Use $50; Variance/Appeal $50; and Right -of - Way Vacation $50. For fiscal year 1997, development fees are expected to be $5,000. 51