I have a business here in Ypsilanti. Will the proposed City Income Tax impact my business?

You bet! Business income would also be subject the City Income Tax, and not just for money earned in the city: all your business income will be subject to the tax. Plus, your employees will have to pay. Not only will corporate business income be taxed, your personal income will be taxed as well, if you make enough to actually pay yourself. The income tax is a double whammy for business owners.