Miami University researchers tell Beavercreek a 1% municipal income tax could yield about $19M–$20M in 2024 dollars

Summary

Researchers presented a synthetic-control analysis estimating that a 1% municipal income tax in Beavercreek would likely generate roughly $19–$20 million in 2024 dollars; the study assumes a full credit to residents for taxes paid elsewhere and that roughly two-thirds of collections would come from nonresidents who work in the city.

At its Sept. 8 meeting, the Beavercreek City Council heard a presentation from Miami University researchers who estimated that a 1% municipal income tax in Beavercreek would have produced roughly $19 million to $20 million in net collections in 2024 dollars under the study’s assumptions.

Dr. Sarah Larson, an associate professor in Miami’s political science department and a research fellow with the Center for Public Management and Regional Affairs, presented the report and synthetic-control modeling used to estimate revenue that Beavercreek would collect if it applied a 1% municipal income tax between 2013 and 2023.

The study used three comparator groupings of municipalities chosen for socioeconomic similarity and proximity to large federal employers (notably Wright-Patterson Air Force Base) and adjusted for a…

Miami University researchers tell Beavercreek a 1% municipal income tax could yield about $19M–$20M in 2024 dollars

Summary

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