| Show Started in 1960 Roosevelt City gets sales tax for first The of 1 local option sales tax produced in Roosevelt City last year According to Utah the private tax research this sum represents the net amount remitted to Roosevelt City for sales made within the city during the period ending June This sum is equivalent to a 20 6 mill property tax based on a full year's projected IN COMPARISON the Foundation notes that the property tax produced foi Roosevelt City last year The property tax mill levy imposed by the city was 28 00 00 per assessed valuation In 1959 and mills in 1960 Local sales tax receipts for other units in Duchesne County include the Altamont Town Duchesne City Myton City Tabiona Town and Duchesne County unincorporated A total of was refunded to incorporated towns and the county for the first six months of Third quarter payments will be due following the end of The Foundation report points that 10 25 and 27 towns in Utah have authorized the tax during the first year of its Total collections for all local units with the tax amounted to during the period July 1959 through June FOUNDATION analysts report that the local sales tax is now an important item in the budgets of many units with the Local sales tax receipts were equal to nearly 50 of last year's property tax collections in all cities and towns which levied the In the local sales tax amounted to slightly less than 1096 of last year's property For some units of local local sales tax receipts exceeded their 1959 property tax A number of local unis used part of the local sales tax receipts to reduce their property tax levies for this year according to the Of the 62 and which have adopted the local sales 19 reduced their levies in 35 made no while 8 increased their property tax rate this year IN MOST the reductions made in the property tax this year were equal only to a small portion of the added revenue from the local sales tax The Foundation study ob-See ROOSEVELT pare 8 Roosevelt City from Page serves that the dollar equivalent of the mill levy reductions for amounted to about 6 of additional received for the local sales The 1959 Utah Legislature authorized the use of the local sales tax in counties and municipalities in order to provide them an added source of revenue and to thereby assist them to meet their growing financial The state enabling legislation also observed that is the legislative intent that this added revenue be used to the greatest possible extent by said political subdivisions to finance their capital outlay requirements and to service their bonded |
