Should Twinsburg's Quarter-Cent Income Tax Increase Be Repealed?
Twinsburg passed a .25-percent income tax increase in 2009, but now City Council members are considering whether to ask voters to repeal it.
Twinsburg City Council members are considering asking the voters to repeal a .25-percent income tax increase first approved in 2009.
You read that right: City council members may decide to lower taxes.
Repealing the tax would require voter approval.
Income tax collections in 2012 were about $23 million, said Twinsburg Finance Director Karen Howse last week. In 2011, collections were nearly $20 million.
Councilman Seth Rodin, now the council president, told the Twinsburg Bulletin that the decision whether to repeal the tax will be a top issue for city council in 2013.
Like Rodin, other council members are in favor of the idea of repealing the tax increase, but others want to tread carefully to make sure they don't make a decision that causes future financial problems for the city.
The tax was initially approved to help bolster city revenues after the Chrysler plant shut down, dealing a big hit to the city finances. But council members have talked about repealing that tax once the city stabilized its books.
What do you think? Would you like to see the .25-percent income tax increase repealed?