MARIETTA, Ohio (WTAP) - Voters in Marietta could be voting on an increase in their income tax this November.
The Marietta City Council will hold a special meeting on Thursday, May 31 to introduce the proposed income tax increase.
Currently, the income tax is 1.7% and it generates roughly $10 million a year. The city council is proposing to raise it to 1.85%, which would raise an extra $700,000 a year.
It would apply to the earned income of anyone who lives or works in Marietta.
“It came about because we were facing a lot of different problems with finances not only declining revenues from state and federal sources but also changing dynamics of the city and its operations. And in order to get ahead of it we need to look at every single avenue that we can and that means looking at economic development, that means looking at personnel levels, that means looking operations of the city,” said Josh Schlicher, the president of the Marietta City Council, said.
“We want people to know that we’re working in the best interest as always in trying to provide the best services we can for the best value for their tax dollars.”
Schlicher said the revenue from the existing tax is allocated to 17 different funds including:
• 0.2% Fire Levy
• 0.2% Street Maintenance & Repair
• 0.1% Capital Improvements
• 0.2% General (shall be used for the General Municipal Operations, Maintenance, New Equipment, Extension, Enlargement and Improvement of Municipal Services and Facilities of the City)
• 1.0% General Fund
• 1.7% Total Disbursement
He says the proposed increase could affect this allocation.
A second reading is tentatively scheduled for June 7 at the council’s regularly scheduled meeting. A final reading with adoption is slated for June 21 at its regular council meeting.
If adopted, the legislation will “sit” for 30 days before going effect. It will then be sent to the Washington County Board of Elections to be placed on the November 6, 2018 general election ballot.
If voters support it, it will go into effect in 2019.