Archbold, OH

Archbold Muni Tax Revenue Up About 7%

Gross revenue from the Village of Archbold municipal income tax was just over $600,000 in May, council was told at its Monday, June 17 meeting.

It’s the best result for any May since 2008, when, in just one month, the tax brought in nearly $684,000.

From 2004 forward, the most money collected during May occurred in 2006, when gross collections were in excess of $845,000.

The year 2006 also was the best-ever year for the income tax collections, when the 1.5% tax brought in nearly $4.9 million.

The smallest May collection from 2004 forward was in 2010, at $520,000. Total collection for 2010 was about $3.45 million, the worst year since 1998.

In May 2013, the collection was $600,112.16, which was $40,848.08, or 7.3%, more than May 2012. That month, the collection was $559,264.08.

Through the end of May, the municipal income tax has raised $1,888,560.18, which is $58,712 more than the same period in 2012, when it was $1,829,848.18, a difference of about 3.2%.

Money from the Archbold municipal income tax is specifically earmarked for street construction and repair and other village infrastructure needs.

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