Marietta City Council’s Finance Committee met Monday to weigh options for replacing declining revenues through a property tax, safety-services renewable levy or increase on income taxes.
“People want a specific level of services, a certain protection from fire and police, a certain level to which roads are kept and parks maintained, but you hear often that we just need to live within our means,” City Law Director Paul Bertram said. “But people need to know what the means are, where they come from and what we’ve lost.”
Council has until August to decide whether to place one of the options on the November ballot but noted Monday that revenue from a levy would not be available until 2020 if passed in November. Whereas income tax revenue could first be collected beginning in January of 2019.
A 1.5-mill levy would garner $408,390, and cost the owner of a $100,000 home $52.50 a year.
A 2-mill levy would garner $544,520, and cost the owner of a $100,000 home $70.
A 2.3-mill levy would garner $626,198, and cost the owner of a $100,000 home $80.50.
A 2.5-mill levy would garner $680,650, and cost the owner of a $100,000 home $87.50.
A 3-mill levy would garner $816,780, and cost the owner of a $100,000 home $105.
If the 1.7 percent income tax were increased to 1.8 percent, based upon last year’s tax base, an additional $608,189.33 would be available for city services.
“But I think council should also consider a 1.85 (percent) and 1.89…