Council wants to earmark Scharbauer operations funds
13 Jun 2017
Author: Midland Reporter - Telegram
The Midland City Council has taken the first step toward earmarking the money left over from the collection of the 4B tax and dedicating it specifically for maintenance and operations of the Scharbauer Sports Complex.
In Tuesday’s meeting, the council dissolved the Midland Football-Soccer and Baseball Complex Development Corp. That was expected as part of the aftermath of the failed May election that would have extended a quarter-cent sales tax for parks improvements and sports complex operations/maintenance.
But council members want to be able to earmark remaining funds now that the complex has been paid off. City Finance Director Pam Simecka told the council there still are some fees to pay, but currently there is around $26.5 million. She also said the sales tax will continue to be paid through Sept. 30. Beginning Oct. 1, the city’s sales tax will return to 8 percent.