Created on Tuesday, 29 April 2014 Written by NATE SMITH
Citing steady cuts in local government funds, Rushsylvania Village Council during a special meeting Monday signaled its intent to enact a municipal income tax that will go into effect Jan. 1, 2015.
An ordinance establishing a 1 percent municipal tax on all earned income is set to receive a first reading at council’s next regular meeting, May 5.
Until the tax is implemented and can be collected, there’s no way for village officials to estimate how much it might generate, council said Monday. Realistic annual projections can’t be accurately calculated until collection has begun.
Additional funds, however, would be used to purchase a different village work truck, council said. The existing work and plow vehicle is in a constant state of repair, councilman Chuck Skidmore said, and is becoming more expensive to maintain than it would cost to purchase a different vehicle.
Efforts to maintain and improve village streets would ramp up with additional revenue, according to council.
The tax would only apply to earned income, and most retirees would be unaffected, council said.
The income tax would not apply to Social Security, pensions/401K and unemployment income.
Read complete story in Tuesday's Examiner.
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