Toledo staff report modest revenue gains but flag withholding, medical-cost pressures

Summary

Director of Finance Melanie Campbell and Tax Commissioner John Zavisha told the Finance, Debt and Budget Oversight Committee that Toledo’s year-to-date revenue is about $3.5 million (4.3%) higher than last year, while withholding collections are trailing by roughly $440,000 and certain expenditures—particularly retroactive police pay and prescription drug costs—are driving budget variances.

Director of Finance Melanie Campbell and Tax Commissioner John Zavisha told the Finance, Debt and Budget Oversight Committee on Tuesday that Toledo’s year-to-date revenues exceed last year’s by roughly $3.5 million, or about 4.3 percent, but that several categories merit monitoring.

Campbell said the general fund is 41 percent through the fiscal year and that collections as a percentage of budget stood at 36.3 percent through May. "Collections as a percentage of budget are at 36.3," Campbell said. She also noted that some intergovernmental and other payments are scheduled later in the year and that transfers from the capital improvement program (CIP) typically occur at year end.

John Zavisha, the city’s tax commissioner, reviewed income-tax detail, saying withholding — which he described as "a huge category for us" and usually "slightly more than 75% of our total…

Toledo staff report modest revenue gains but flag withholding, medical-cost pressures

Summary

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