Laserfiche WebLink
<br /> . Mr. Rutan sai d it is the Eugene Agenda projects that will "sell" the new <br /> taxes. <br /> Mr. Obie suggested the public be asked to comment on how long the new income <br /> should last. He also suggested that a one-quarter to three-quarter percent <br /> income tax be proposed. <br /> Responding to a comment from Mr. Miller, Mr. Rutan said two scenarios could be <br /> included in the presentation. One scenario would continue the income stream <br /> and another would end the income stream when the projects are constructed. <br /> Mr. Rutan moved, seconded by Ms. Schue, to present an income tax <br /> of one-quarter to three-quarters percent on adjusted gross <br /> income to fund the Eugene Agenda and Revenue Sharing/CIP <br /> projects. The proposal is subject to refinement by the council <br /> after it receives public comment. <br /> Ms. Wooten intended to tell people she will support an exemption of some <br /> kind. <br /> Ms. Ehrman said a corporate income tax as well as an individual income tax <br /> should be considered. <br /> The motion carried unanimously, 8:0. <br /> Ms. Bascom asked for an estimate of the cost of collecting an income tax. <br /> e Mr. Miller asked for an estimate of exemptions on adjusted gross income from <br /> $5,000 to $10,000. <br /> Mr. Holmer suggested the council consider using the Oregon taxable income for <br /> the new income stream. <br /> The meeting was adjourned at 7:10 p.m. <br /> ~~'- 10 <br /> Micheal Gleason <br /> City Manager <br /> (Recorded by Betty Lou Rarick) <br /> l785C <br /> e <br /> MINUTES--Eugene City Council June 17, 1985 Page 5 <br />