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Voters approved a 1-cent sales tax to fund the Historic Downtown Fayette Commercial Community Improvement District (CID) in downtown Fayette. The election was held on Aug. 25.
Out of 13 ballots …
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Voters approved a 1-cent sales tax to fund the Historic Downtown Fayette Commercial Community Improvement District (CID) in downtown Fayette. The election was held on Aug. 25.
Out of 13 ballots cast, nine voted in favor of the tax. Only voters who were both registered, and resided within the district were eligible to cast ballots.
The Fayette city council on Tuesday, June 23, gave unanimous approval to establish the (CID). Now with a funding mechanism in place, it is up to the CID board to approve how any money is used. Possible uses include grants to existing businesses, engineering studies, and improvements to infrastructure such as downtown sidewalks. The tax will go into effect on January 1.
“For a long time, there had been talk of wanting to improve the historic square and business district and to attract more businesses to locate in Fayette,” said Mike Dimond, Executive Director of Fayette Main Street. “The creation of the Historic Downtown Fayette Commercial Community Improvement District was a huge step. And now the approval of a 1-cent additional sales tax within the district, approved by the registered voters residing within the district boundaries, will provide some funding to make change happen.
“For the first time in years, there is a plan and a mechanism to move Fayette forward. Fayette Main Street, Inc and the CID Board thank the community for supporting this effort to make real change.”
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