(A) The purpose of the income tax imposed by this chapter is to provide funds for general municipal operations, for maintenance of equipment, acquisition of new equipment, extension, enlargement and improvement of municipal services, facilities and capital improvements and infrastructure repairs maintenance and improvements.
(B) The rate of the income tax shall be one and one quarter percent (1.25%) per annum, with at least one quarter of one percent (0.25%) of said revenue devoted exclusively to infrastructure repairs maintenance and improvements. (Ord. 18-113. Passed 6-14-18.)