Donna Dettling, Archbold village administrator, said the village municipal income tax will “most definitely hit $4.6 million by the end of the year.”
The total income tax collection for 2016 was $4,936,066.89, a record.
However, Dettling said during 2016, the village converted from a quarterly-based collection system to monthly collections as a result of a change in state law, which skewed the total collection figure to the high side.
With the new collection system, which went into place at the start of 2017, Dettling said the village has consistently brought in $300,000 to $400,000 per month in revenue.
She expects the 2017 total collection to hit the $4.6 million mark.
The average monthly collection over the first 11 months of 2017 was $350,175.29.
In November, the income tax brought in about $321,000, more than $58,000, or about 22.1%, more than in 2016.
For the January-November time period, the municipal tax– $1.5% on payroll and corporate profits– has raised a total of about $4.2 million, which was about $439,000, or about 9.5%, short of the same time period in 2016.