News – Sheridan Media
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Sheridan County has issued a release giving information on the One Percent Specific Purpose Capital Facilities Tax (Cap Tax), which is an optional sales and use tax that will be on the ballot for the November 5th general election.
According to the release, the Cap Tax is approved for a specific amount, exclusively for capital improvement projects for community infrastructure such as streets, roads, bridges, utilities, and facilities. Sheridan County voters approved this tax in 1989, 1998, 2003, 2009, 2013 and 2020. Revenue collected from this tax funds infrastructure projects in the City of Sheridan, Sheridan County, Clearmont, Dayton and Ranchester.
The total amount requested this year is $40,000,000. This amount is allocated between 37 major project categories among the five entities. The current projects were determined over several months of strategic planning. Project costs are leveraged through other sources of funding; the total cost of Cap Tax projects is frequently offset by federal and state matching funds. The Cap Tax makes these projects possible, providing a significant amount of the total cost.
All consumers of goods and services in Sheridan County pay the Capital Facilities sales and use tax. This includes visitors and temporary employees within our communities. The Cap Tax applies only to items that are subject to sales and use tax. It does not apply to sales of most foods (such as groceries), rental payments, home, or gasoline purchases.
Visit sheridancountycaptax.com for detailed project descriptions, FAQs, a map, and photos of current and future projects.
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Last modified: October 8, 2024