Income Tax Revenue Up for Northeast Ohio Patch Towns
15 of 18 Ohio Patch communities saw 2012 income tax collections surpass 2011 figures.
Rising income tax collections and falling unemployment rates suggest local economies are slowly rebounding in Northeast Ohio, at least for some communities. A review of income tax collections for 2012 and 2011 in 18 Northeast Ohio Patch communities shows only one of the municipalities saw a drop in income tax revenue, Brecksville, while just one community saw income tax returns remain flat: Solon. The remaining 15 communities saw an increase in the revenue source they depend on most for police staffing, water service, street repair and other basic government services. An uptick in income tax revenue coincides with steady declines in unemployment rates for the Ohio counties Patch covers: Cuyahoga, Summit, Portage, Lake and Stark. Ohio's …
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