Mayor Suggests Income Tax Increase
Posted by Jeff Pruitt - 10/2/08 @ 9:02 am - Filed Under City Council, Featured
After reviewing the awful budget submitted by the mayor, I could only conclude that next year he would push for an increase in the income tax in order to make up for the projected $9 million shortfall. His comments in one local paper this morning confirmed it:
The city projects a $9.3 million budget deficit in 2010 and larger ones into the future.
[...]
Henry also suggested the City Council will likely have to take a look at increasing local income taxes.
First the mayor needs to make a good faith effort to reduce spending - something that was certainly not done with this budget. City council should reject this budget out of hand and tell the mayor not to send it back until there’s at least a 1% cut.
And just so we’re clear, if this budget passes as is then the income tax increase the mayor is talking about is an additional 1%. Do you feel like handing the city an additional 1% of your income? If not you had better contact your city councilmember now and tell them to reject this budget and cut it by 2% or more…
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Yo, King (mayor) Henry…why not just follow the lead of Philadelphia (HQ for Lincoln Financial, btw)…
Institute a (new) CITY WAGE TAX…
If you WORK here…you pay it.
If you LIVE here…you pay it.
And make it about THREE TIMES the level of STATE TAX (just like Philly).
(a lot more than a mere 1%…try 3-5%)
THAT will sure as hell chase out most of those undesireable taxpaying citizens!
(just like Philly)
;)
B.G.