8/14/14 – 4:56 A.M.
The process of how Findlay collects income taxes was the subject of debate at a recent meeting. The Courier reports Auditor Jim Staschiak and Income Tax Administrator Andrew Thomas had differing opinions over how things are handled.
Staschiak says the process of letting some businesses pay their tax bill every October makes it difficult to predict what city revenues will be. An example of this came last October, when a business made an unexpected $4.8 million payment. Staschiak would prefer all businesses make estimated quarterly payments.
Thomas said the October payment option gives the city a reliable revenue stream and cuts down on the amount of refunds the city gives out. Mayor Lydia Mihalik said refunds were one of the reasons the city got into financial trouble in the past. Money would be spent from estimate payments, but then money would get tight when refund checks were given out.
The city began allowing October payments in 2009.
MORE: The Courier