“And all you need to do is look out on (Ohio) 821 and count the businesses that used to be in the city that are now outside city limits.” “There are multiple factors that contribute to that but we lost Crescent Sprague revenue in 2016 when they went from around 30 employees to seven,” said Duff. “But this is another one where they’ll take money that would have normally come to us and put it in a big washing machine and we don’t know what they’ll give us back.”ĭuff said the drop in revenue on income tax can be explained by businesses moving out of the jurisdiction. “Remember they’ve cut back in other places where money used to come into the city (from the state),” said council’s finance chair, Mike Scales. Of that $10 million, $876,588.54 was from businesses’ income tax payments. “It’s going to take people willing to work together and not base our future operations on past operations anymore,” said Schlicher about a needed solution to the city’s financial woes. Marietta City Council President Josh Schlicher said the legislative body is looking to other avenues to bolster city coffers, but every penny taken away by the state hits city services harder. “I think it should be one or the other, why pay for both? Wouldn’t it save the government money?” “Why have double the people doing the same job?” she said.
Hall said it doesn’t make sense to have both a city income tax department and an option to file through the state.
“They’re not going to work for nothing,” she added. Though she said she didn’t think the hit to city finances would be “huge,” not knowing how much the state will take off the top of the payments makes it hard to plan for the future of city finances. “It will absolutely be a loss in revenue to the city,” said Duff. “I can’t do that with the city so I just have our accountant do it.”Ĭurrently the Marietta Income Tax Department is trying to get its computer systems updated and linked into the state programming, while not knowing if the effort is for naught, since the city is embroiled in a lawsuit with several other municipalities against the state on the legality of the bill.Īccording to a fact sheet provided by the Ohio Department of Taxation, businesses that choose to opt-in and file their net-profit municipal income taxes through the Ohio Business Gateway will commit to one year with an automatic renewal for filing unless canceled by the taxpayer.īut those tax collections would then be distributed monthly with interest minus a 0.5 percent administration fee. “It’s very easy to file the state taxes already because you can just do it online,” said Nancy Hall, co-owner of Baker & Baker Jewelers in Marietta.
0 kommentar(er)
