EAST PALESTINE -- With about six weeks left in the year, city income tax revenue is $200,000 short of the projected $900,000, finance director Connie Robinson said.
She said quarterly tax payments received through employee withholding have been below 2000 payments, a sign employers aren't turning as much profit as last year. She said it is doubtful that $200,000 will come in by Dec. 31.
She said the projected $900,000 for this year was based on collections in 2000 of $870,000.
Income tax revenue is distributed with 85 percent going to the general fund and 15 percent to capital improvements, she said.
2002 budget: Robinson said the 2002 budget will be $6.08 million, up from $5.7 million in 2001. Of the $6.08 million, $2.06 million is designated for general fund purposes, compared with $2.08 million this year.
Robinson said among capital improvements budgeted for 2002 are continued citywide renovation of the sewer system and renovation of the tennis courts at the city park.
About $200,000 will be set aside for the continued replacement of sewer lines and treatment plant upgrades, she said.
Although the cost of the tennis courts project will be about $87,000, the city is paying $10,000. The balance of the tennis court work is funded through grants and donations, Robinson said.