$485,600 in GPET funds allocated

SHERIDAN — There were few surprises as the Sheridan City Council doled out $485,600 in General Purpose Excise Tax dollars to 19 nonprofit organizations during its Jan. 18 meeting.

Every year, local organizations, businesses and municipalities request excise tax funds collected by the city to fund capital expenditures, operations and sometimes wages. The excise tax — which used to be known as the Optional One-Cent Sales Tax — is an optional penny in sales tax approved by voters.

The council considered allocations that were averages of individual recommendations made by the councilors and Mayor Rich Bridger.  Of the 20 recommended allocations, only four were amended by the council during the meeting.

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