Perrysburg sees an increase in income tax collection | News
PERRYSBURG – Taxes collected have increased by 9.4% for 2021, but at Tuesday’s regular city council meeting, the administration stressed that it was not sure what that means with so many residents working. home.
“We don’t know the consequences of this, so we are planning conservatively,” Mayor Tom Mackin said.
The $21.8 million in income tax revenue for the year represents a 9.4% increase from 2020, according to Steve Bronder, the city’s income tax commissioner, who reported the numbers at the finance committee meeting on January 11. He also reported that there are increases for all three types of accounts: individual, net profit and holdbacks.
However, there are tax implications resulting from changes in work habits related to COVID. Among the many unknowns related to the pandemic are the number of residents who are now working from home.
Bronder will proceed cautiously for 2022 and only forecast $21 million in tax revenue.
Councilwoman Jan Materni asked Chief Financial Officer Amber Rathburn about the drop in estimated revenue and how COVID might affect it.
“With people working from home, we don’t have a good way of estimating how it’s going to affect us. We are currently monitoring this. We will stay on top,” Rathburn said.
Council Chairman Jonathan Smith clarified.
“The requirement to hold back from the regular workplace won’t be there for 2022. If someone works here from Maumee, they’ll have to send money back to Maumee if we hold back,” Smith said. “For example, if we retain someone who works for Owens-Illinois and they live in Maumee, we are required to refund their retainer.”
Materni said the reverse work situation could also be true.
Rathburn confirmed Smith and Materni’s statements.
In other cases, six bills from the finance committee meeting were passed by the council.
• A special payroll and reserve fund has been created for the payment of the extra week of pay which occurs every 11 years, when there are 27 two-week pay periods in a year, instead of the regular 26 . The fund would distribute the funds over the next 10 years. The fund would also pay payments to employees for unused sick leave, vacation and compensatory time off, paid when employees retire or resign. Next year the extra pay period will be 2031.
• The Board authorized the use of $363,603, which is forfeited monies, to be used for training and equipment.
• The Council also authorized the modification of codified orders to allow the use of gender-neutral language.
Counselor Kevin Fuller confirmed with Chief Legal Officer Kate Sandretto that the intent of the changes would not be to change proper names. The specific example referred to Commodore Perry.
• The City of Perrysburg is now also authorized by council to grant the city permission to dispose of property. In March 2002, six parcels of land were conveyed to the City of Bulk Molding Compounds, Inc. at Fort Meigs Cemetery for a purchase price of $700,000. The city loan to the cemetery has now been fully repaid. Due to loan requirements, the largest entity associated with the property had to be the loan holder, in this case, according to Smith, it had to be the city.
“In fact, it was paid for several years ago. It was a pretty simple thing, but it was a maintenance measure,” Smith said.
Smith abstained from voting due to his position on the cemetery’s board of directors. The resolution was also adopted unanimously.
• Smith also abstained in an otherwise unanimous vote of approval on the completion of subdivision improvements for the Summerfield townhouses. Smith owns property in the approval area.
• An ordinance amending the ordinance relating to fences, walls, structural screens, hedges and screen plantings, which authorizes these plantings in certain areas has also been adopted. The amendment will now allow properties that have two front yards to have one of them designated as a side yard, for the purpose of planting hedges and screen plantings, with the approval of the Board of Zoning Appeals.