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Council advances amendment to Summit County tax‑sharing memorandum to third reading to raise payroll threshold and add inflation adjustment
Summary
The Tallmadge finance committee moved an ordinance amending the county job‑creation and tax‑sharing memorandum of understanding to raise the payroll threshold triggering revenue sharing from $3.5 million to $4.5 million and to add an annual inflationary adjustment, with the measure advanced to third reading.
Council members in the finance committee discussed an amendment on Sept. 11 to the memorandum of understanding (MOU) among Summit County jurisdictions that governs job creation, retention and income tax revenue sharing. The ordinance would raise the payroll threshold that triggers tax‑sharing from $3.5 million to $4.5 million and add an annual inflationary adjustment.
Finance committe…
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