Monday, May 14, 2007
YOUNGSTOWN — With its long-awaited economic development plan expected to be unveiled later this month, the city wants its income tax collection agency to determine how much additional money the program could create by taxing those who work in surrounding suburbs.
City council will consider legislation Wednesday to authorize the board of control to pay $90,000 to the Regional Income Tax Agency. RITA, based in Brecksville, would provide a tax analysis of potential Joint Economic Development Districts and Systems.
RITA would provide analysis as to how much income tax revenue the JEDD and JEDS would generate for Youngstown and the surrounding communities as well as assist the city in explaining the benefits of the economic programs, Mayor Jay Williams said.
The study is supposed to analyze the city water operations to determine scenarios for selling water and expanding the service through JEDD with townships and JEDS with cities.
For the full story, read The Vindicator or Vindy.com on Tuesday.