News Column

Vote expands Austin tax zone

May 30, 2014

By Nick Blizzard, Dayton Daily News, Ohio



May 30--Three south suburban communities now have more land to draw income tax revenue from after they approved expanding a zone covered by an agreement.

About 11 acres will be added to the Austin Landing property from which Miamisburg, Miami Twp. and Springboro split income tax revenue.

Legislative leaders from those three jurisdictions Thursday night approved an amendment to increase the Austin Center Joint Economic Development District.

A JEDD is a partnership granted certain oversight authorities, including levying taxes, under the Ohio Revised Code.

The amendment is effective when it is signed, which is expected soon, said Steve Stanley, chairman of the Austin Center JEDD board, which endorsed adding the land.

The votes expand the JEDD to include Austin Landing's southwest corner, where Field & Stream is building a 50,000 square foot retail facility at the 142-acre complex off Interstate 75, Stanley said.

Along with Field & Stream's first Ohio site, the new JEDD property also includes a 13,000 square foot building being constructed for retail use, said Chris Snyder, Miami Twp. planning and zoning director.

"Funds generated from the tax will be split in accordance to the agreement," Stanley said.

Miami Twp. gets about 57 percent of the income tax generated by the JEDD while Miamisburg receives about 22 percent and Springboro gets about 20 percent, according to the agreement.

The Austin Center JEDD levies a 2.25 percent income tax on all retail businesses and some offices within its boundaries, according to Miami Twp. records. That percentage is consistent with Miamisburg's income tax rate. Springboro's income tax rate is 1.5 percent.

How much tax revenue JEDD members will see depends on the payroll of the businesses locating there, officials said.

The Austin Center JEDD generated nearly $180,000 in revenues in 2013, according to Miami Twp. records. It is projected to generate about $250,000 this year, records show.

This is the fourth amendment to the Austin Center JEDD, Miami Twp. Administrator Greg Rogers said. Two of the amendments involved issues not pertaining to land, Stanley said.

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(c)2014 the Dayton Daily News (Dayton, Ohio)

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Distributed by MCT Information Services


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Source: Dayton Daily News (OH)


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