133.12 ALLOCATION OF INCOME TAX REVENUE.

Effective January 1, 2021 and until changed by ordinance, all proceeds of the income tax levied under Chapters 181 and 182 of the Codified Ordinances shall be deposited in the following Funds according the allocation provided hereinafter:

(a) 82% to the General Fund.

(b) 18% to the Capital Improvement Fund.

(Ord. 2020-164. Passed 11-23-20.)

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