TAXES AND REVENUE SOURCES

 

TAXES

Local Taxes included in all sales within the City include:

  • Sales Tax (1%)
  • Capital Improvements Tax (.50%)
  • Park and Stormwater Tax (.50%)
  • Additional Sales Tax (.25%)

 

SOURCES OF REVENUE

The City of Twin Oaks receives revenue from the following sources:

  • Utility Gross Receipt Taxes
  • Sales Taxes
  • Intergovernmental Revenue
  • Licensing and Permits
  • State, Federal and Local Grants
  • Miscellaneous Revenue

Below is a graph representing the breakdown of revenue sources for 2011:

 

Tax Income:  sales/use tax, commercial property tax, etc.

Fee Income:  all permits, residential sewer lateral, business/liquor licensing, cell tower lease

Misc. Income:  grants, non-construction fees related to commercial plot, etc.

Interest Income:  accrued bank interest

Park Income:  non-refundable park deposits

 

At this time, the City is contracted with St. Louis County and we receive no income associated with traffic court fines/fees.

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