|
|
Article: Income tax increase on May 8 ballot The 0.25 percentage point rise to 1.5 percent would be permanent, but still lower than most in the area.
- Article from:
- Dayton Daily News
- Article date:
- March 1, 2007
- Author:
CopyrightCopyright 2007 Dayton Daily News. Provided by ProQuest LLC. (Hide copyright information)
|
TIPP CITY -- After debating among themselves the best options for
raising more money for capital improvements, city council members
will have a few weeks to sell the option chosen.
In the days leading to the May 8 primary, city voters can expect
to hear more about the 0.25 percent permanent income tax proposal.
The council voted unanimously Feb. 20 to place that request, which
would generate around $820,000 annually in its initial years, on the
ballot.
If approved, the tax would go into effect in January.
The money would be used for capital projects such as road
maintenance and storm water improvements.
The city's current tax rate is 1.25 percent, with 0.25 percent
added in 2002 for 10 ...