Item 4: Adoption of Resolution 5023 Calling a City Election on May 17, 2011, on a Temporary City Income Tax to Raise Funds for Local Schools

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Attachment A OPTION A - SPECIFIC RATE RESOLUTION NO. _____ A RESOLUTION CALLING A CITY ELECTION ON MAY 17, 2011, ON A TEMPORARY CITY INCOME TAX TO RAISE FUNDS FOR LOCAL SCHOOLS. The City Council of the City of Eugene finds as follows: A. Due to the extent of the budget shortfall facing the Eugene and Bethel School Districts, the schools districts are preparing to close schools, increase class size, and implement more teacher furlough days. Concerned citizens have been discussing the need to find new revenue sources in order to alleviate the damaging impacts that the school budget deficit will create. B. Many community members have recommended that a temporary personal income tax be imposed to help fund Eugene schools so that teacher furlough days can be reduced or eliminated, and class size can be reduced. C. The City Council recognizes the importance of a strong education system and finds that the electors of the City of Eugene should be given the opportunity to decide whether to implement a school funding tax measure. NOW, THEREFORE, based upon the above findings, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a Municipal Corporation of the State of Oregon, as follows: Section 1. A City election is called for the purpose of referring to the legal electors of the City of Eugene a measure authorizing the implementation of a personal income tax on the residents of the City of Eugene, in order to raise school funding for use by Eugene and Bethel School Districts to reduce or eliminate furlough days and to reduce class size, and to pay the debt service and other costs of any borrowing to implement the tax or achieve the desired outcomes. OPTION A: Section 2 . The tax shall consist of a flat tax of __% on income in excess of $______, and shall be collected annually on income earned between January 1, 2011 and December 31, 2016.