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<br />r . ~ <br />- ., <br /> " <br /> - BE IT ENACTED BY THE ELECTORS OF THE CITY OF EUGENE, <br /> that the Charter of the City of Eugene is hereby amended e <br /> to add the following provision thereto: <br /> There shall be a city tax on the income of residents of <br /> the city from whatever source derived, and on the income of <br /> nonresidents of the city derived from sources within the <br /> city. The tax shall not exceed the rate of four-tenths of one <br /> percent of taxable income. When all financial obligations <br /> incurred prior to January 1, 1996 for capital improvements at <br /> the Municipal Library and Airport have been paid, the rate of <br /> City income tax shall not exceed 1/4% of taxable income. <br /> Revenue derived from the imposition of a city income tax is <br /> hereby dedicated exclusively to improvements to the municipal <br /> airport and library, other city capital expenditures and to <br /> administration of the tax. <br /> This Measure shall become effective upon its approval <br /> by the electors of the City of Eugene. <br /> The foregoing Resolution adopted the 25th day of September, <br /> 1985. <br /> 111"u~~,~ fl. (2/) ~?JVl'~ - <br /> D t' A t \ Ci t:y Recorder <br /> epu y 55. <br /> 0 <br /> e <br /> 2 - Resolution <br />