Valley Brook police activities rake in the cash, records show
http://newsok.com/valley-brook-police-activities-rake-in-the-cash-records-show/article/3900695
VALLEY BROOK With a handful of strip clubs doing business in Valley Brook, it's no surprise that the city relies on the industry to fund its operations. But the money doesn't come from sales tax at least not the lion's share of it. The real money-maker in Valley Brook is the police department.
According to independent audits of Valley Brook's finances for fiscal years 2012 and 2013, the town derives roughly 80 percent of its revenue from police-related activities.
Last fiscal year, the town of 765 residents generated $909,877 in revenue, down by more than $200,000 from the previous year. Of that amount, the police department was responsible through fines and forfeitures for $727,654.
The year before, Valley Brook's police department helped rake in nearly $940,000 on its own.
For most cities and towns, sales tax collections are the main source of cash to fund governmental activities, but they account for only about 10 percent of revenue. Last fiscal year, Valley Brook collected $101,209 in sales tax, a figure that is $600,000 less than what police-related activities generated.
Valley Brook Police Chief Mike Stamp said the town's reliance on fines and other police-related activities for revenue is just the way it is in Valley Brook these days.
http://newsok.com/valley-brook-police-activities-rake-in-the-cash-records-show/article/3900695
VALLEY BROOK With a handful of strip clubs doing business in Valley Brook, it's no surprise that the city relies on the industry to fund its operations. But the money doesn't come from sales tax at least not the lion's share of it. The real money-maker in Valley Brook is the police department.
According to independent audits of Valley Brook's finances for fiscal years 2012 and 2013, the town derives roughly 80 percent of its revenue from police-related activities.
Last fiscal year, the town of 765 residents generated $909,877 in revenue, down by more than $200,000 from the previous year. Of that amount, the police department was responsible through fines and forfeitures for $727,654.
The year before, Valley Brook's police department helped rake in nearly $940,000 on its own.
For most cities and towns, sales tax collections are the main source of cash to fund governmental activities, but they account for only about 10 percent of revenue. Last fiscal year, Valley Brook collected $101,209 in sales tax, a figure that is $600,000 less than what police-related activities generated.
Valley Brook Police Chief Mike Stamp said the town's reliance on fines and other police-related activities for revenue is just the way it is in Valley Brook these days.
