1. In order to provide funds for general municipal operations, maintenance, new equipment, service and facilities, capital improvements, payment of principal and interest on municipal debt, safety services, etc.
2. The annual tax is levied at a rate of 2.25% (two and one quarter percent) per year effective January 1, 2024. The tax is levied at a uniform rate on all persons residing in or earning or receiving income in the Municipality. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 182.03 and other Sections as they may apply.
(Ord. I-12-15-1. Passed 12-14-15; Ord. 2023-89. Approved by voters 11-7-23.)