Page 178 - Watauga FY21 Budget
P. 178
SPECIAL REVENUE FUNDS
STREET MAINTENANCE – FUND 14
The Street Maintenance Fund was established in FY2013 to account for a ¼ cent sales
tax approved by voters on May 12, 2012 for an initial four years effective October 1,
2012. The ¼ cent sales tax was reauthorized by voters on May, 2016 for another four
years. The purpose of the sales tax is to provide for the maintenance and repair of
municipal streets in existence at the time of the vote. The Watauga Parks Development
Corporation sales and use tax was reduced by ¼ of one percent effective October 1,
2012.
Sales Tax revenue for FY2021 is expected to be $708,000 which is $51,000 less than in
FY2020.
Where Does the Money Come From?
Where Does the Money Go?
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