At its meeting on Wednesday, Bloomington’s city council completed its annual adjustment to the public safety local income tax (PS-LIT) rate.
The total rate that residents of Monroe County pay on their income for public safety stays the same, which is 0.25 percent.
But the way the rate is split—between funding for the countywide dispatch center and general public safety—was tweaked to fit the 2021 budget request by the dispatch center.
The dispatch center—known as a public safety answering point, or PSAP—needed $2,247,490 in PS-LIT revenue for its 2021 budget. The rate corresponding to that amount, based on estimates released in September by the state’s department of revenue, is 0.0594 percent.
The remaining revenue, generated by the other 0.1906 of the 0.25 total rate gets divided by city, county and town governments for general public safety purposes.
That’s a smidgen higher rate for general public safety purposes than last year’s 0.1846 percent, due to a slight decrease in the dispatch center’s overall budget.