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Council rejects ordinance creating 0.25% tax credit for residents working outside city
Summary
Ordinance 119-25, which would have allowed a 0.25% income tax credit for residents who work outside London, failed after council members expressed concern about the city's current revenue position following a major economic project withdrawal.
London City Council voted down Ordinance 119-25, which would have amended the municipal income tax code to provide a 0.25 percentage-point credit from the city's general 1% income tax for residents who pay tax to other municipalities.
The measure had supporters who said the credit would help residents who commute and bear added travel and vehicle expenses. Council debate focused on the immediate fiscal impact: speakers pointed to recent revenue volatility after a…
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