GET AMERICA BACK




Page 1. A review of the historical sales tax collections for Delaware County.
Page 2. Estimated Debt Service Requirements throughout the life of the bonds.
Page 3. Sales Tax Allocations - First 22 months (.5% Additional sales tax)
Page 4. Sales Tax Revenue Note, Series 2010 cost components
Page 5. Estimated funds available for the Operation and Maintenance (O&M)
Page 6. Use Tax collection history for Delaware County.
Page 7. Projected Impact of Growth Rates on Sales Tax Collections.
********************************** Patriots here are the recent postings regarding the *********************************************
After considerable discussion at the June 16 meeting, and as a last gasp effort of the present Jail Authority members and election is being set for August 24, 2010 once again asking voters of Delaware County to fund and operate a larger jail facility in Jay Oklahoma. After being defeated three times in the past few years here is what we will be voting on this time.
The proposal slated for the August ballot is for a one-half cent sales tax increase, for 10 years or less, to expand the county’s current 62-bed facility to 162 beds. The new facility will be added to the existing Delaware County Court house as a 100 bed extension to the existing facility. Once the debt for building the facility is paid off, the tax would drop from .5% to between .2 and .25% for maintaining and operating the jail. This tax would remain in effect indefinitely.The estimated pay-off time is between 5 and 7 years, which officials, including financial advisor Rick Smith, agreed would pay for building the facility and would also provide adequate funding for operating and maintaining it.