Resolution No. 5024 - Laserfiche WebLink

Home Browse Search

RESOLUTION NO. 5024 A RESOLUTION AMENDING RESOLUTION NO, 5023 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 instructional 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. D. Based on the information that the Council has available as of the date of this resolution, it is estimated that the graduated tax described in Section 2 of this Resolution will raise approximately $16.8 million annually for schools. E. On February 14, 2011, the Council passed Resolution No. 5023 to refer to Eugene voters a proposed local income tax to raise funds for schools. Section 2 of that Resolution identified who had to pay the tax and what the tax rates would be. The Council has decided that the tax brackets and tax rates contained in section 2 should be modified. This resolution therefore amends and replaces Resolution No. 5023. 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 instructional furlough days and to reduce class size, and Resolution - Page 1 of 3