4.16.140 Revenue use by county.

The Board shall direct the utilization of the revenues of the one percent sales tax for any lawful purpose to support the general needs and requirements of the county in such a manner as to reduce the county’s 1987 ad valorem property tax mill levy as a means to provide property tax relief to property owners in both the incorporated and unincorporated portions of Pueblo County. Such reduction shall be in the amount of five mills from 30.2 mills to 25.2 mills, which is equivalent to a reduction of approximately $2,959,085.00. The Board has presently determined not to distribute any percentage or portion of the sales tax revenues to municipalities within the county. (Res. 87-262 § 14)