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El Dorado Sales Tax Program
The City of El Dorado has voted in favor of a one-cent sales tax since 1989. The current sales tax began October 1, 2019 and ends September 30, 2024. The City is currently in the process of looking at options to renew this sales tax, along with alternatives for how it is structured.
The video series below talks about the structure of the sales tax, the process for renewing and more.
- February 7, 2023 - Sales Tax Survey Begins
- February 20, 2023 - Commission appoints Sales Tax Committee
- February - June - Committee Meets
- June 19, 2023 - Committee recommendation to City Commission
- July 17, 2023 - Commission votes on ballot question (this is the deadline to be on the November ballot but a decision could be made sooner)
- November 7, 2023 - General election with sales tax question on ballot
- Sales Tax Survey Results Coming Soon
The El Dorado City Commission appointed members to the Sales Tax Committee at the March 6, 2023 City Commission meeting.
Members include: Bill Rinkenbaugh, Matt Jacobs, Jordan Buxton, John Steinbacher, David Sundgren, Craig Hamilton, Brett Remsberg, Lori Gioso, Ross Stumpf, Edward Wilson and Scott Leason
Currently, City Ordinance G-1281 states:
- $1,650,000 is allocated to property tax reduction, the equivalent of approximately 17.5 mills
- $600,000 is allocated to street rehabilitation, including $500,000 for the city's annual mill and overlay program and $100,000 for minor street maintenance such as crack sealing and pothole patching
- $100,000 is allocated to economic development for various projects and initiatives
- Funds in excess of $2.35 million are allocated to the Excess Sales Tax program for capital projects approved by the City Commission
Each City Commissioner nominates one individual, the Mayor nominates two individuals and the Planning Commission nominates one individual within the city to the Excess Sales Tax Committee. The committee makes recommendations for the use of excess sales tax and submits them to the City Commission for consideration.
Per Ordinance, the excess sales tax can be used for additional street rehabilitation and capital expenditures. Capital expenditures are described as "an addition or structure that enhances the value of a property, a replacement or upgrade that extends the life of an asset or equipment acquisition." Street rehabilitation is described as "maintaining and rehabilitating the existing geometrical alignment of improved city streets, which included portions of curb and gutter removal and replacement, mill and overlays, pavement replacement, and pavement related to storm drainage facilities."