City of New Hampton Asks Voters to Redirect LOST Revenue

The City of New Hampton is asking its voters Tuesday to approve redirecting revenue generated by its Local Option Sales Tax (LOST).

Mayor Bobby Schwickerath says utilizing LOST funds is the best way for the City to subsidize their financial support for Chickasaw County’s new county-run ambulance.

New Hampton’s contribution to operating funds for the ambulance service is estimated to be about $356,000 a year for five years. 

Schwickerath says the City currently generates about $500,000 a year with its one-cent LOST.