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Tax commissioner: Toledoincome-tax collections for 2024 finish just over $237 million; refunds projected
Summary
At a Toledo Finance Committee meeting, Tax Commissioner John Zavisha reported preliminary, unaudited 2024 income-tax collections of just over $237 million after accounting for a projected "thirteenth period" and estimated refunds; staff recommended budgeting conservatively for refunds.
Tax Commissioner John Zavisha told the Toledo Finance Committee on a regular monthly meeting that preliminary, unaudited income-tax collections for the year ending Dec. 31, 2024, stand at "just over $237,000,000." Zavisha said the figure reflects a projected "thirteenth period" of revenues that are received Jan. 1 through Feb. 28 but relate to prior years.
Zavisha said the thirteenth-period receipts currently are projected at $29,745,000, and that after projected refunds are removed the year-end total would be the roughly $237 million figure. "Weare looking at the 2024 tax number to be just over $237,000,000," he said.
The tax commissioner told the committee the department expects to finalize audits and clear anomalous…
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