Findlay leaders working with less tax revenue - Toledo News Now, News, Weather, Sports, Toledo, OH

Findlay leaders working with less tax revenue

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FINDLAY, OH (Toledo News Now) -

The City of Findlay will have to do more with less this year. City leaders say they've seen a big drop in funding from income taxes.

The city has seen a more than 5 percent decline in income tax revenue through September this year. That's more than $947,000 the city hoped to earn from taxes, but local leaders say the loss doesn't come as a surprise.

"We actually are up better than we expected to be at this time," said Andrew Thomas, the city's income tax administrator. "Even though we are down, we're still better than we expected to be."

Officials say the lost of money comes after residents voted to decrease tax rates from 1.25 percent to 1 percent on the last ballot. They say while less money has come in, they anticipated it with the change. They are now working around it by cutting costs in the budget.

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