(a) Purpose of Tax. To provide funds for the purposes of general municipal operations,
maintenance, new equipment, extension and enlargement of municipal services and facilities and capital improvements of the Village; and to provide funds for the purpose of constructing, maintaining and operating a municipal swimming pool and accessory facilities, there shall be, and is hereby levied, a tax on income subject to tax as hereinafter provided.
(b) Rate of Tax.
(1) To provide funds for the purpose of general Municipal operations, maintenance new equipment, extension and enlargement of Municipal services and facilities, and capital improvements of the Village, an annual tax shall be imposed at the rate of one and one-half percent (1.5%) per annum on and after January 1, 2016.
(2) To provide funds for the purpose of constructing, maintaining and operating a municipal swimming pool and accessory facilities thereto for the Village, an additional tax shall be imposed for a period of four (4) years, commencing for collection on January 1, 2017 until December 31, 2020, at the rate of one-fourth of one percent (0.25%).
(Ord. 15-17. Passed 5-9-2017.)