With Napoleon Council looking at options to cut expenses and raise revenue; another idea was presented at the Napoleon Council ‘finance and budget’ committee meeting Monday night. Instead of cutting dispatch services in the city to save money; a councilman suggested reducing the credit for income tax paid by city residents that work outside of Napoleon.
Right now, Napoleon gives a 100% credit, when residents pay income taxes to another community they work in. If that credit was reduced to say, 75%; it would generate some revenue for the city. For instance, if you were paying income tax to Toledo, you don’t pay Napoleon. But if that credit was reduced, you might pay 25% of your Napoleon city income tax, along with the tax you owe where you work. It’s estimated, a 25% credit would generate about $111,000 annually for the city of Napoleon. Holgate is an example of a community that collects income tax from its residents that work inside the village; and from those that work outside. Even if they pay another community income tax.
No action was taken by the Napoleon ‘finance and budget’ committee, and the issue was tabled for more discussion.
Another discussion item at the council committee meeting revolved around a conveyance fee on credit card payments for recreational program fees. The Napoleon finance and budget committee recommended to the full council, that they drop any conveyance fee for recreation programs.