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<br />, <br />, Ms. Wooten noted that most councilors had commented on the income tax proposal <br />. when it was approved. However, Mr. Holmer had been out of town. Therefore, <br /> she suggested he have an opportunity to comment on the proposal. <br /> Mr. Holmer said he disagreed with three elements of the income tax proposal. <br /> They were: 1) the reduction to one-quarter of one percent when the airport and <br /> library expansion are paid for, 2) the exemptions and credits for people with <br /> low incomes, and 3) the dedication of the revenue to capital projects. He <br /> opposed the reduction in the rate because the revenue will be needed, he <br /> opposed the exemption and credits because they do not permit everyone to pay <br /> the tax, and he opposed the dedication because the revenue from the income tax <br /> should be part of the general revenue stream so that future councils can <br /> control its use. <br /> Ms. Wooten said she was not too concerned about Section 3.612 of the ordinance <br /> because she thought the city income tax would provide some relief for the <br /> general fund. She suggested the staff work with Mr. Hansen to find some <br /> wording that would be acceptable to everyone. <br /> The meeting was adjourned at 9:25 p.m. <br /> Respectfully submitted, <br />e <br /> (Recorded by Betty Lou Rarick) <br /> BLR:ss/1888C <br />- <br /> MINUTES--Eugene City Council October 14, 1985 Page 12 <br />