The Fulton County Commissioners unanimously voted to make a half-percent (.5%) sales tax hike permanent during their Thursday, July 12 meeting.
After a series of public hearings, the commissioners approved the increase in September 2009 to help balance the county general fund budget.
The Ohio Department of Taxation began collecting the additional tax, Jan. 1, 2010. Fulton County started seeing additional revenue in March 2010.
When commissioners approved the increase in 2009, it was approved as a threeyear tax.
In a report to the commissioners, Vond Hall, county administrator, said the halfpercent increase generates about $2 million per year.
He said the county has lost revenue from three areas.
•The State of Ohio reduced its support of counties. The cuts mean a $948,269.75- per-year loss in revenue for Fulton County.
•Reductions in interest paid on county investments has meant about a $700,000 loss of revenue per year.
•Conveyance fees, charged in real estate transfers, are down about $300,000 per year.
Hall said the reduction in revenue adds up to about $1.95 million, so the revenue from the additional sales tax is essentially a wash.
With the additional half-percent, the total sales tax charged on some goods and services is 7%.
Of Ohio’s 88 counties, the majority– 47– charge 7% sales tax. Forty charge 6.75% or less. One county, Cuyahoga, charges 7.75%.