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Cap Tax Proposal Presented at Council Study Session
Details of a joint resolution approving proposition for continuation of a one percent Capital Facilities Tax were presented to the Sheridan City Council at this week’s study session. Sheridan Media’s Ron Richter has the details.
The Sheridan County One Cent Specific Purpose Capital Facilities Tax was first approved in 1989, and has been continuously approved by voters in Sheridan County since that time. The tax is a specific purpose tax, where the funds can only be spent on capital improvement projects.
The CAP Tax is also a specific amount tax, which means the CAP Tax expires when the amount of funds in the resolution are collected. The CAP Tax was last approved by voters in November of 2020. The $40 million that was approved in 2020 has been collected and the CAP Tax will once again be on the ballot in November. City of Sheridan Engineer Thomas Morneau presented details of a joint resolution proposition for continuation of the CAP Tax at the recent Sheridan City Council study session. Morneau said $40 million is once again the number that will come before voters later this year.
The City Council is expected to consider the joint resolution at their regular business meeting Monday night. If approved by all of the entities involved, the proposed continuation of the CAP Tax will be placed on the November 5, General Election ballot.
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