Monroe County councilor Marty Hawk
Table of local income taxes in different cateogories
Monroe County councilor Geoff McKim
If Monroe County councilors stay on the course they have now charted out, they could have around $100,000 more to spend on jail operations for the final quarter of this year.
It would also mean in subsequent years about $424,000 more to spend each year to support the county jail.
The council’s vote on Tuesday night was just to direct the county staff to move forward with all necessary means to advertise holding the first reading of a change to the local income tax (LIT), at the “earliest possible possible time,” while following all the direction of state officials.
But the plan is not to increase the LIT—at least not right now. That could come later, once the site of a new jail is selected, its square footage is determined, and its construction cost is dialed in.
For now, the county council is just looking to shift one category of local income tax to another. The idea is to reduce by 0.01 percent the LIT in a category called the special purpose LIT, but to impose, for the first time, a rate in the corrections LIT by a corresponding 0.01 percent.
That would leave the overall rate paid by taxpayers at 2.0350 percent, the same as it is now.
Councilors Geoff McKim and Marty Hawk have been working on the proposal to shift the LIT rates to make more money available for jail operations. Continue reading “Budget notebook: Monroe County mulls shift, not increase in local income tax” →