The following text was automatically extracted from the image on this page using optical character recognition software:
dw, EATON LIVE6
FW CITY COUNCIL
Fort Worth's City Council today added a one-percent city income tax to its list of proposed charter amendments. At least two more public hearings on the five propositions will be held before an election date is set.
FILM IN - RUNS 30 SECS
As it is written now -- the one percent tax would be imposed on all individual and corporate income earned within the city...But property oimers would be permitted to deduct 50 percent of the amount they pay on their earnings from the amount they pay in property taxes. Mayor Pro Tem Ted C. Peters attempted today to make that deduction 100 percent... M Wo action was taken on his motion, after it was terms of pointed out that/the proposition are subject to change later --before it is placed on the ballot. City Manager Rodger Line has already warned that -- even if the city income tax is approved -- it can not be implemented soon enough to ease the 3-point- one million dollar deficit expected next fiscal year.
WBAP-TV (Television station : Fort Worth, Tex.).[News Script: Fort Worth city council],
script,
August 2, 1971, 10:00 p.m.;
(https://texashistory.unt.edu/ark:/67531/metadc1425572/m1/1/:
accessed July 17, 2024),
University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu;
crediting UNT Libraries Special Collections.