3.25.040 Distribution of tax proceeds and limiting the use thereof.
(1) The county treasurer shall place one percent of the proceeds of the taxes imposed herein in the county current expense fund to defray costs of collection.
(2) The remaining proceeds from city taxes imposed herein shall be distributed to the city monthly and those taxes imposed under ECMC 3.25.010 shall be placed by the city treasurer in a municipal capital improvements fund. This capital improvements fund shall be used by the city for any capital purpose identified in a capital improvements plan and local capital improvements, including those listed in RCW 35.43.040.
(3) This section shall not limit the existing authority of this city to impose special assessments on property specially benefited thereby in the manner prescribed by law. (Ord. 408 § 1, 2008)