Fort Wayne Mayor Tom Henry is continuing his push for City Council to approve a local income tax increase to pay for development along the riverfront and infrastructure improvements. A final vote is set for Tuesday night on what Henry calls a "vital next step" in continuing "positive momentum."
In a series of tweets, Henry added "a vote in favor of this plan would be a critical win for our entire community for generations to come." Other prominent members of the business community have also rallied behind the tax increase, including Greater Fort Wayne Inc. and the Northeast Indiana Regional Partnership‘s investor board, the Regional Opportunities Council.
The proposal calls for raising the local income tax by 0.15 percent. Officials say the adjustment would generate almost $10 million per year for 10 to 15 years and cover sidewalk improvements, stabilization efforts along the riverbank and the second and third phases the Riverfront Redevelopment project. The proposal was introduced to the council in June.