The Joint Economic Development District formed by Sylvania Township and the City of Sylvania has received its first payment from an income tax collected in the district.
Although there was some confusion at the outset, William Sanford, a member of the board of directors of the JEDD, told a board meeting that it appears that a system for collections and disbursements has been established.
Mr. Sanford, Sylvania’s director of economic development, said tax receipts were $10,108.15 for the first quarter, with another quarterly payment due Aug. 2.
Under the JEDD agreement, the City of Sylvania is responsible for tax issues. The agreement imposes a 1.5 percent income tax for workers in the district, which in this case is Oakleaf Village, 4220 North Holland-Sylvania Rd.
The board is responsible for overseeing collections and using some of those funds for the maintenance of the district. After maintenance costs and administrative charges, Sylvania Township and the City of Sylvania will split any remaining amount.
Written by: Mike Jones, Public Information Officer
Published: June 24, 2021
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