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Finance director: income tax receipts rose, but pension-matching proposals could strain local budgets
Summary
Finance Director Nathan Iaconis told the council payroll and pension obligations make up a large share of city spending while income tax revenues rose about $1 million; Mayor and council discussed state-level pension proposals (House Bill 296) and a resident urged transparent pilots for weekly bulk pickup.
Finance Director Nathan Iaconis told the Parma Heights City Council on Jan. 22 that several labor- and benefit-related costs make up a substantial portion of the city's expenditures while income tax receipts improved.
"Nathan Hale is completed; the total came to $4,116,939.26," Iaconis said when reporting on capital work. He said payroll totals about $10,574,000 and self-insured medical costs are around $2,761,000. He reported the city's income tax collections were $11,343,000, "that was up almost a…
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