Dover, Ohio (WJER) - Dover Auditor Nicole Stoldt says the city’s income tax collections took a hit in 2018 thanks to changes at the state level.
Stoldt told city council Monday that Dover collected about $7.6 million in income taxes in 2018, down almost $800,000 from the year before – a decrease of 9.5 percent.
“I attribute that to the wonderful House Bill 5. It allows businesses now to run through Columbus for collection, and it also allows them to consolidate businesses,” she explains.
Stoldt described it as a rough year for the city’s income tax collections.
“We’ve seen slight increases every year. This is the first time in a while we’ve seen a decrease, but we’re still hanging in there,” she says.
Stoldt says the city did see an increase in investment income, and the city’s general fund ended the year at $2.5 million in the black.
“We still had a good carryover balance but we did a lot of projects, a lot of things that needed updated and had lot of master capital projects, did a lot of paving, and we have more to come this year,” she says.
Stoldt says she is encouraged by recent talks at the state level about restoring some funding to municipalities, and she says the governor’s proposed gas tax increase would between $100,000 and $300,000 to the city for street paving and road projects.