Archbold, OH

Municipal Tax Up In July

Receipts of the Archbold municipal income tax were up in July, but continued to lag on a year-to-date basis.

For the last three months, May, June, and July, year-todate revenues have been behind the same time periods in 2007.

In July 2008, the income tax collected $288,770.27, compared to $280,986.08 in 2007. July 2008 was ahead of July 2007 by $7,784.19, or about 2.77%.

On a year-to-date basis, total collections for Jan. 1 through July 31 were $2,523,927.26, off by $34,330.91, or about 1.34%, from the same time period in 2007, when it was $2,558,258.17.

Year-to-date collections were off about $86,000 in May and about $42,000 in June.

Village of Archbold Municipal Income Tax Receipts

July, 2007 $280,986.08
July, 2008 $288,770.27
Difference ($) +$7,784.19
Difference (%) +2.77%
2007 $2,558,258.18
2008 $2,523,927.26
Difference ($) -$34,330.01
Difference (%) -1.34%

Information provided by Village of Archbold Income Tax Department, as provided to Archbold Village Council; monthly figures represent gross income tax receipts received from the village’s 1.5% income tax during the month, plus the same month one year ago; Year-to-date figures are for income tax collected during the indicated years, from Jan. 1 to the end of the month indicated.

Leave a Reply

Your email address will not be published. Required fields are marked *