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Good News About Income Tax Results




 

 

There was very good news from the Village of Archbold Municipal Income Tax Department, said Dennis Howell, village administrator.

Speaking to village council during its Monday, Aug. 5 meeting, Howell said the July tax collection was large, pushing total collections for the year 5.5% higher than the same seven months in 2012.

For July 2013, total collections were $348,275.92.

That figure is $63,627.94, or about 22.4%, higher than the amount collected during July 2012. That month, the total collection was $284,647.98.

So far in 2013, total income tax collections stand at $2,298,825.56, which is $120,181.45 more than for the same January-through- July time period in 2012.

For the first seven months of 2012, total collections were $2,178,644.45.

In 2012, the village municipal income tax raised about $3.7 million, which is allocated to capital projects throughout the village.

The all-time record of the municipal income tax was set in 2006. That year, the 1.5% tax on wages and corporate profits topped $4.8 million.

During a short meeting, councilmen approved the first change order for the Lindau Street reconstruction project.

Because council opted to cancel the construction of some sidewalks in the neighborhood, the overall price was reduced by $19,334.34.

That, Howell said, reduced the contract price to $659,708.16.

Council also approved a new five-year franchise agreement with the Ohio Gas Company.

Howell said he saw “no reason not to renew the agreement. Ohio Gas is an excellent company to work with.”

In the meantime, the village is waiting on CenturyLink, a village telephone service provider, to move its cables from one pole to another on East Holland Street.

Toledo Edison has put a new pole in place. Now other utilities must move their cables to the new pole so the old pole can be removed and the area it occupies can be paved.

All councilmen were present.

The next council meeting is Monday, Aug. 19, 7 pm, in council chambers.–David Pugh


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