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.