Avon considers income tax hike in May 3 poll to buy land in the park


AVON, Ohio – City council is considering imposing a tax on the May 3 poll to increase the city’s municipal tax rate for purchasing property described as “park land.”

The resolution, which the council discussed at its December 30 meeting, says the levy would increase the current municipal tax rate from 1.75% to 1.90% for a 10-year period. The increase would be in effect from January 1, 2023 to December 31, 2032 and would be used only for the purchase of land, with the income being placed in a special and separate fund.

No figures were yet available on the exact cost of the tax to residents.

The proposed resolution notes the following reasons for considering the levy:

The city has experienced significant growth over the past 20 years

There has been an increase in population and a rapid expansion of residential, industrial and commercial development

There are several large plots of property in the city which are either available for purchase or may be available for purchase at a future date

· The sale and future development of these plots may put additional pressure on city infrastructure and municipal services such as streets, sewers, water, police, fire brigade and increased traffic.

While the levy is in effect, the resolution says there will be an increase in the tax credit given to city residents who pay income tax to other municipalities. The increase in the tax credit would go from 1.5% to 1.6%.

The income tax resolution and ordinance are expected to be submitted to the Lorain County Elections Board by February 2 for inclusion in the May ballot.

City Council Clerk Barbara Brooks said the matter has now been referred to the city’s finance committee for further discussion at the January 10 city council meeting.

Mayor Bryan Jensen and Chairman Brian Fischer were called in for comment but were not available until press time.

Read more of the Sentinel of the Sun.

Source link


About Author

Comments are closed.