MOUNT VERNON — City Council Monday gave first reading to the resolution placing a 1/2 percent increase in the city income tax on the November ballot.
Financing and Budget Chair Sam Barone summarized the situation, saying the consensus of the Finance Study Commission and City Council was that the most prudent path was to place the income tax on the ballot.
The tax, he said, will be on earned income, so many retirees who depend on Social Security or interest income will be shielded from the tax. He also said they project the tax as being distributed 20 percent to buildings and equipment, 40 percent to streets and bridges (infrastructure), and 40 percent to police, fire and the general fund.
Nancy Vail suggested that the final 40 percent should be broken down more specifically, with 10 percent to police, 10 percent to fire and 20 percent to the general fund, but John Booth said they should retain some flexibility so the city can respond to changing situations in the future.