Label
Office of the Mayor
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 enactment of a new temporary one-quarter percent (1/4%) municipal income tax for a period commencing January 1, 2021 and ending December 31, 2024 to provide funds to pay costs of improving the City's system of roads, streets and bridges and to provide for all of the proceeds of that tax to be credited to a separate Road Improvements Fund and the net proceeds, after the costs of its administration, enforcement and collection, to be dedicated and applied solely for that purpose; and declaring an emergency.
Body
WHEREAS, this Council desires and believes it necessary to enact an ordinance to provide for a new temporary income tax of one-quarter percent (1/4%) for a period commencing January 1, 2021 and ending December 31, 2024, in order to provide funds necessary to pay costs of improving the City's system of roads, streets and bridges, which new tax shall be in addition to all of the City's other municipal income taxes; and
WHEREAS, this Council desires and believes it necessary that all of the proceeds of the new tax be credited to a separate City Road Improvements Fund and, after costs of its administration, enforcement and collection, that all net proceeds be dedicated and applied solely to pay costs of improving the City's system of roads, streets and bridges, including related debt charges; and
WHEREAS, the provisions of Chapter 718 of Ohio Revised Code require that the passage of such an ordinance receive the approval of the electors of the City;
Summary
NOW, THEREFORE, Be it resolved by the Council of the City of Toledo:
SECTION 1. That the Council hereby authorizes and directs that there be submitted to the electors of the City of Toledo at an election to be held on November 3, 2020, the question of the approval of the passage of an ordinance to enact a new...
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