File #: R-543-19    Version: Name:
Type: Resolution Status: Approved
File created: 11/12/2019 In control: Committee of the Whole
On agenda: 11/26/2019 Final action: 12/10/2019
Title: Providing for an election on the question of the approval of the passage of an ordinance to amend Chapter 1905 of the Toledo Municipal Code to provide for the following: the repeal of the City's temporary additional three-quarters percent (3/4%) municipal income tax effective July 1, 2020; and the enactment of a new temporary one and one-quarter percent (11/4%) municipal income tax for the period commencing July 1, 2020 and ending December 31, 2030 and providing for forty percent (40%) of the proceeds of the tax levy to be allocated to the Capital Improvements Fund and prohibiting any transfer of levy revenues allocated to the Capital Improvement Fund to the General Fund, providing for sixty percent (60%) of the proceeds of the tax levy to be allocated to the General Fund, and providing that such levy revenues may be used for the purpose of assisting pre-kindergarten education for residents of the City; and declaring an emergency.
Attachments: 1. Invest in Toledo, 2. Audio: Agenda Review 11/19/2019
Label
Tax Levy Ballot Issue
Mayor's Office
G. DeBacker (x-1001)

Title
Providing for an election on the question of the approval of the passage of an ordinance to amend Chapter 1905 of the Toledo Municipal Code to provide for the following: the repeal of the City's temporary additional three-quarters percent (3/4%) municipal income tax effective July 1, 2020; and the enactment of a new temporary one and one-quarter percent (11/4%) municipal income tax for the period commencing July 1, 2020 and ending December 31, 2030 and providing for forty percent (40%) of the proceeds of the tax levy to be allocated to the Capital Improvements Fund and prohibiting any transfer of levy revenues allocated to the Capital Improvement Fund to the General Fund, providing for sixty percent (60%) of the proceeds of the tax levy to be allocated to the General Fund, and providing that such levy revenues may be used for the purpose of assisting pre-kindergarten education for residents of the City; and declaring an emergency.

Body
WHEREAS, Chapter 1905 of the Toledo Municipal Code provides for, among other things, the levying of one percent and one-half percent municipal income taxes that are in effect for a continuing period of time (the "Continuing Levies"); and

WHEREAS, on November 8, 2016, the voters of the City of Toledo approved Ordinance No. 236-16, passed by this Council on the November 15, 2016, providing for the continuation of a temporary three-quarters percent (3/4%) municipal income tax, which tax was first imposed by an ordinance approved by the voters of the City in 1982 and extended by prior ordinances approved by votes of the electors of the City in 1985, 1989, 1993, 1997, 2002, 2005, 2008 and 2013, in addition to the Continuing Levies; and

WHEREAS, this Council desires and believes it necessary, in order to improve city roads, residential streets, sidewalks and make other city public infrastructure and capital improvements and to provide essential city...

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