A public presentation on the Capital Facilities Tax was held Thursday evening at the Sheridan County Courthouse. Sheridan Media's Ron Richter was there and has the details.
Despite only a handful of people in attendance, officials with Sheridan County and the City of Sheridan presented information on the Capital Facilities Tax that is up for renewal this November. The one-percent tax is used to pay for infrastructure projects in Sheridan County, Sheridan, Ranchester, Dayton and Clearmont.
The amount that will come before voters November 5th is $40 million over approximately an eight year period. Once the $40 million is reached, the collection of the tax would end. City of Sheridan Clerk Scott Badley explains what would happen if the tax isn't renewed.
Sheridan County Commission Chairman Steve Maier says that the county would be in the same boat as the city if voters decide to kill the tax.
During the presentation, Maier talked about how the cap tax is used to leverage other funding sources.
Of the $40 million that is being proposed, the City of Sheridan would receive $22.9 million, Sheridan County $12.7 million, Clearmont $560,000 and Dayton and Ranchester would each receive $1.9 million. A list of the projects, as well as more information on the cap tax can be found by clicking here.