For the purposes of providing funds for making capital improvements and debt retirement and general municipal functions, including but not limited to street improvements, maintaining adequate personnel strength in the Police Division, Fire Division, Service Department, Recreation Department and administration of the City, new equipment, improvement of municipal services and facilities of the City, there is hereby levied a tax on all salaries, wages, commissions and other compensation, and on net profits, as provided in this chapter. (Ord. 1968-76. Passed 6-25-68; Ord. 1997-54. Passed 9-23-97; Res. 2006-51. Approved by Voters 11-7-06.)