To provide funds for the purposes of general municipal functions of the city there shall be and is hereby levied a tax on all salaries, wages, commissions and other compensations and on net profits as hereinafter provided, except that an amount sufficient to pay the accrued liability for the Police and Fire Disability and Pension Fund, beginning with the year 1970 and not to exceed 10% of the moneys collected from the municipal income tax, shall be directly allocated to the accrued liability for such fund. The purpose of any income tax levied in excess of 1%, authorized by the electors of the city, shall be to provide funds for general municipal functions.
(Approved by voters 8-3-1982)