Politics & Government

Twinsburg Sees Increase in Revenues for 2010

Increase thanks to delayed Chrysler close and planning

Income tax revenues in many Ohio cities fell this year, but in Twinsburg they've actually had a significant increase.

In 2010 the city collected $18.9 million in income taxes, compared to the $17.9 million in 2008 and $17.1 million in 2009.

Finance Director Karen Howse said part of the increase is owing to smart financial planning by the city.

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 "We noticed that there was a decline in our revenues, so we had to take proactive measures to insure that our revenue stream did not cause us problems as far as maintaining our operations," Howse said.

In November 2009 Twinsburg voters approved a levy that increased the income tax rate a quarter percent, beginning in January 2010.

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Howse said the city also saved money through employee attrition, a wage freeze, overtime reduction, travel restrictions and other measures.  Without these, Howse said, the city could have had a budget shortfall of $2 million.

"With that quarter percent coming in, it put us in a position where we weren't vulnerable with the fact that Chrysler left," Howse said.

The city also benefitted because the Chrysler plant stayed operational longer than expected, the city was still able to collect from its income tax base.  The Stamping Plant finally closed its doors July 31.

"So as a result, this year, what we didn't anticipate is that we got approximately $1.3 million from Chrysler," Howse said.

But now that Chrysler is gone, the extra revenue will be, too.  Howse said the anticipated revenue for 2011 is $17 million.


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