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AN ORDINANCE AMENDING ORDINANCE NO. 15-007 (ADOPTED 02/23/2015), PART ONE - ADMINISTRATIVE CODE, TITLE NINE - TAXATION, OF THE CODIFIED ORDINANCES OF THE CITY OF GROVEPORT BY AMENDING CHAPTER 182 - INCOME TAX, AND FURTHER AMENDING ORDINANCE NO. 16-049 (ADOPTED 11/28/2016), ORDINANCE NO.18-070 (ADOPTED 12/17/2018), ORDINANCE NO. 2020-037 (ADOPTED 11/9/2020), AND ORDINANCE NO. 2021-038 (ADOPTED 08/09/2021) WHICH AMENDED THE SAME
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WHEREAS, in order to clarify and update the allocation of income tax collections as well as adopt the income tax provisions identified in Ohio House Bill No. 33, it is necessary to amend the above-referenced Chapter.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GROVEPORT, FRANKLIN COUNTY, OHIO, A MAJORITY OF ITS MEMBERS CONCURRING:
Section 1: That new Section 182.013 - Allocation of Funds shall provide as follows:
The funds disbursed to the City of Groveport under the provisions of this chapter shall be distributed in the following order:
a. One Hundred Fifty Thousand Dollars ($150,000) of the funds collected (or $12,500 per month) under this chapter shall be applied to the Rainy Day Fund (218) so long as the balance in the Rainy Day Fund (218) does not exceed $3,000,000. Once the Rainy Day Fund balance is less than $3,000,000, funds shall be allocated to the Rainy Day Fund the following month.
b. Five percent (5%) of total income tax collections, net of the allocation to the Rainy Day Fund, received annually shall be recorded in the Debt Service Fund thereby satisfying the City’s current and future outstanding debt obligations. Included in this amount shall be those costs necessary for administering income taxes and enforcing provisions thereof.
c. Ten percent (10%) of total income tax collections, net of the allocation to the Rainy Day Fund, received annually shall be recorded in the Capital Projects Fund thereby satisfying the City’s current and future capital improvement needs. Included in this amount shall be those costs necessary for administering income taxes and enforcing provisions thereof.
d. Eighty-Five percent (85%) of total income tax collections, net of the allocation to the Rainy Day Fund, shall be recorded in the General Fund and may be used for operating expenditures and any other expenditure considered a proper public purpose. Included in this amount shall be those costs necessary for administering income taxes and enforcing provisions thereof.
Section 2: That the stated income tax allocation shall be in effect as of January 1, 2023.
Section 3: Based on provisions of House Bill No. 33 as it pertains to the City’s income tax, and upon the recommendation of the Regional Income Tax Agency, the City shall adopt the recommended changes as identified within Exhibit A, with respect to Chapter 182, as attached to this Ordinance.
Section 4: That the stated changes identified in Section 3 shall be in effect as of January 1, 2024.
Section 5: That for the reasons stated in the preamble hereto which are made a part hereof, this Ordinance shall take effect and be in full force from and after the earliest period allowed by law.
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Lance Westcamp, Mayor
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Mindy Kay
Clerk of Council
Approved as to form:
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Kevin C. Shannon, Law Director