Archbold, OH
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Muni Tax Up In July




 

 

The Archbold municipal income tax collection was up in July, but Dennis Howell, Archbold village administrator, is not ready to celebrate yet.

During the Archbold Village Council, Monday, Aug. 16 meeting, council members were told the gross collection of the 1.5% tax on income and corporate profits in July was $299,508.82, up about 12.4% from the same month in 2009.

However, in year-to-date figures, 2010 still lags behind 2009 in total revenue collected. Collections from Jan. 1 through July were more than $2.1 million, about $158,000 shy of the almost $2.27 million collected in the same time period last year.

The year-to-date collection has been down about 8% to 9% compared to 2009. The larger July collection leaves the year-to-date figure down about 7%.

Village officials estimated 2010 income tax revenue would be down about 10% compared to 2009.

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