(a) Ninety percent (97.5%) of all income tax receipts received from the original one percent (1%) income tax imposed under Section 181.02 of this chapter will be placed in the General Fund to be used for any lawful purposes.
(b) The remaining seventeen percent (2.5%) of all income tax receipts received from the original one percent (1%) income tax imposed under Section 181.02 of this chapter shall be set aside and used in the Capital Outlay Fund.
(Ord. 02-14. Passed 3-17-14.)