Local Option Sales & Service Tax payments weren't affected by COVID-19. | Unsplash
Local Option Sales & Service Tax payments weren't affected by COVID-19. | Unsplash
Figures from the Local Option Sales & Service Tax were released in Des Moines this week and showed the city received $38 million in revenue, which was to be expected during the first year.
“Through Local Option, voters put in motion a catalyst that will lead to decades of positive change and measurable difference for our neighborhoods and residents,” Mayor Frank Cownie said in a press release from the city. “As a City, we had an obligation and commitment to identify projects, services and initiatives that benefit residents, businesses and community organizations – while exhibiting financial responsibility and transparency."
Half of the revenue gave property tax relief, which is required by law. Other funds from the tax went to rehabilitate streets, enhance public safety and upgrade stormwater.
The city didn't change payments with the COVID-19 pandemic, but it will likely affect payments for next year.
“We know there will be an impact and it could likely be significant,” City Manager Scott Sanders said in the press release. “This will undoubtedly affect our future projects and property tax relief in the upcoming years.”
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