Sunday, October 23, 2016 - Loading…

Published: Monday, 7/22/2013 - Updated: 3 years ago

Sylvania Income tax collection up $295,000 from last year


The city of Sylvania had a 6.2 percent increase in income tax collections, according to Toby Schroyer, finance director.

From Jan. 1 to June 30 it collected $5,052,146, a $295,000 increase from last year’s collection. In the first six months of 2012 the city gained $4,757,128 in income tax revenue.

The tax collection figures incorporated the deductions given as refunds to taxpayers, either individuals or businesses, entitled to them, Mr. Schroyer said.

The surplus cash will be divided among three accounts, the income tax fund, general fund, and capital improvements fund.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.