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Xenia council advances higher revenue options: credit reduction amended and staff to rework ballot language for income tax increase
Summary
Council amended an introduced municipal income tax credit reduction to the larger (0.75 percentage point) option and directed staff to rework a proposed 0.24% income tax ballot measure for streets; staff estimated the ballot measure could raise about $1.9 million annually if adopted by voters.
Council considered several revenue options Dec. 11 as staff presented three ways to reduce the city's non‑refundable credit for tax paid to another municipality. The options would lower the credit from the current 1.5% to 1.25%, 1.0% or 0.75%, with estimated first‑year revenues of roughly $374,000, $760,000 and $1,139,000 respectively.
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