Toledo finance committee reviews July revenue, hears tax update; auditor—s internal audit plan adopted

At a regular monthly meeting, the Toledo Finance Committee reviewed July revenue and expenditure reports and received an income-tax update from Tax Commissioner John Zavisha. The committee also adopted the city auditor—s internal audit plan covering July 1, 2025 to June 30, 2026.

The update from Tax Commissioner John Zavisha showed withholding roughly in line with last year. "We're about even with last year, we were down slightly less than 63,000," Zavisha told the committee, and he said withholding was up $332,000 (2.3%) for the month of July. He said business net-profit payments were up about $1.9 million for the month, but that 82% of that growth reflected a single company whose payment was booked earlier this year than last. Zavisha flagged a possible timing issue in the individual net-profits category that he said he would monitor.

Zavisha repor…