Council Discusses GPET Funding Requests at Study Session

The Sheridan City Council at a study session Monday night discussed and reviewed the applications from local organizations for General Purpose Excise Tax funding for fiscal year 2022, which starts on July 1.

Revenue generated from the GPET tax, formerly known as the optional one-cent sales tax, is used to facilitate improvements to the parks and pathways, infrastructure, roads, senior services and economic development. Every year, local nonprofits and organizations apply for excise tax funding to help supplement their operations.

City Treasurer Karen Burtis stated to the Council at their study session, that the requests from over 20 different organizations total over $1.2 million.

Burtis offered some projections based on where the City is currently at with their excise tax revenue.

City Administrator Stu McRae said that each Council member will continue to review all of the applications over the next few weeks and will offer their funding recommendation for each of the applicants. The GPET funding allocation is expected to be discussed at future meetings of the City Council.