FORT WAYNE, Ind. (WOWO): A public meeting, for discussions regarding the proposal to invest in Riverfront Development through an increase in the local income tax, is set for Tuesday.
City Councilman Dr. John Crawford proposed the local income tax hike. He previously discussed the proposal with WOWO News saying the goal is to be more attractive to young people and new companies. “…if we do that we will be able to increase the population, which will also increase the average wage, but it will also increase the average skill set of some of the people coming in.”
If City Council approves the local income tax increase, the average annual income of $49,000 per household would pay an extra $6 a month, and that could generate 12 million dollars a year to spend.
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“The Riverfront isn’t the end, it’s a means to an end,” said Dr. Crawford. “It’s the whole idea – look at downtown 20 years ago and look at it now.”
Tuesday’s public hearing and City Council discussions on the proposal will occur at 5:00 p.m., at Citizens Square. A second public hearing and continued discussions along with a final vote are scheduled for Tuesday, July 11.