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Council OKs participation in county Baker Tilly study, caps city share at $15,000
Summary
Council authorized Bedford’s participation in a county-led local income tax (LIT) study by Baker Tilly and directed clerk/treasurer Billy to proceed with the county agreement with a city contribution not to exceed $15,000; Billy said Baker Tilly's contract would not exceed $30,000 overall and estimated Bedford's share would be up to $14,700.
Billy reported on the municipal unit strategic task force work with Baker Tilly to create a non-binding local income tax plan to share with the legislature by Dec. 1, 2026. Billy said Baker Tilly's contract is estimated "not to exceed $30,000" and that the city's share would be calculated by levy or population; Billy estimated Bedford's portion would not exceed $14,700.
Council discussed whether to join the county or pursue a city-only approach; speakers noted that, based on the scenarios presented, Bedford would likely collect less revenue if it established a separate city-only LIT. After discussion the council approved a motion directing Billy to proceed with the county agreement and to cap the city's contribution at $15,000. Council members noted the exercise is non-binding and that state law or legislative action in 2027 could change the program's details.
