At a glance
Mayor Dennis Tyler has proposed a new public safety income tax and an increase to an existing local EDIT tax. The increase would be applicable to all of Delaware County.
Revenue: $3 million to $3.2 million
Impact: $224 a year for households with $50,000 of annual adjusted gross income.
Source: City of Muncie
MUNCIE – Mayor Dennis Tyler is seeking a local income tax increase to help pay for public safety that will cost many local households about $224 per year.
Tyler on Monday cited millions of dollars in losses to the city’s coffers due to statewide circuit breaker caps as well as a decreasing grant for paying city firefighters as reasons for expanding local income taxes.
The increased income taxes — a new local option income tax (LOIT) for public safety and an addition to the local economic development income tax (EDIT) — would apply throughout Delaware County.
The proposal is likely to be approved because Muncie City Council — two of whose members, Julius Anderson and Alison Quirk, were present Monday when Tyler unveiled the plan to The Star Press — makes up a majority of the Delaware County Income Tax Council, which implements new taxes.
The county and area towns would receive revenue from the new income tax, which Tyler said would generate an estimated $3 million to $3.2 million for the city.
“This isn’t something that any of us is taking lightly,” Tyler said regarding new income taxes.
Quirk and Anderson said Muncie City Council would consider Tyler’s request at its Sept. 14 meeting.
Copyright ©2024 The Star Press