Riverside imposes moratorium on increase in income tax credit for 10 years

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Council member Brenda Fry said she believed the community had no problem reintroducing the tax credit, but worried about the process underway.

“I think the concern is that we have the power to affect their bottom line and they don’t have a say in this stuff,” Fry said, referring to the community. “I would agree more with a proposal where we say we will not increase credit without their consent.”

Mayor Pete Williams said he and Jesse Maxfield, the two city council members who proposed the resolution, had explored the option.

“I mean, General Counsel, correct me if I’m wrong, but I asked this question a month ago, that we basically put conditions on a moratorium and he said, it’s not in the charter, so we can’t change the charter, ”says Williams.

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He said he believed this proposal was the best way to get around the problem.

“I’m trying to include the electorate and the citizens and say, if we’re doing this, you have to hold us accountable, because we’re telling you we don’t want to do this,” Williams said.

Fry ultimately voted for the resolution.

Campbell also voted against the measure. She said she didn’t feel comfortable voting for something that had “no teeth.”

“I just think it doesn’t have meat, it doesn’t make sense,” she said.

Williams argued that the council was setting a budget that would affect the city in the distant future.

“The decisions we make don’t end the day our term ends,” said Williams.


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