Make Your Voice Heard on May 4
Election day for City of Powell quickly approaches
(POWELL, Ohio) – April 29, 2021 – On Tuesday, May 4, 2021, Powell residents will have the opportunity to make their voices heard by voting on the proposed income tax restructuring approved unanimously by Powell City Council. Voting is underway now with early absentee voting at the Delaware County Vote Center, located at 2079 U.S. Highway 23 N. The Vote Center is open Friday from 8 a.m. – 7 p.m., Saturday from 8 a.m. – 4 p.m., Sunday from 1 p.m. – 5 p.m. and Monday from 8 a.m. – 2 p.m. On Tuesday, May 4 — Election Day — polls are open from 6:30 a.m. – 7:30 p.m.
If passed, the income tax restructuring would raise the credit for taxes paid to another municipality to 100 percent. Currently, residents who pay taxes to another municipality receive a 0.25 percent credit, meaning they pay 0.5 percent to the city of Powell plus an additional tax to the city where they work. Additionally, the proposal would increase the effective income tax rate for individuals working in the city from the current rate of 0.75 percent — one of the lowest in the state — to a more competitive rate of 2 percent.
Social security and pension income are not taxed as earned income and therefore would not be impacted by the proposed change. Residents can find out how the proposal impacts them through the city’s income tax calculator.
The proposal is estimated to generate an additional $3.4 million for public safety, economic development, operational efficiencies and capital improvements for the city. Notably, 80 percent of the funds raised will come from non-Powell residents who work in the city, and most residents will see a net savings or no change, due to the 100 percent credit enacted based on resident feedback after the unsuccessful 2018 proposal.
“The 2018 Citizen Financial Review Task Force Report found that the city no longer collects sufficient revenue to maintain existing capital infrastructure, such as streets and other essential services,” said City Manager Andrew White. “The city strives to deliver high-quality services, invest in the city’s infrastructure and businesses, revitalize downtown and implement key initiatives outlined in the Keep Powell Moving Plan. Without this influx of funds through the proposed income tax restructuring, the city will be forced to make tough decisions. The current rate of 0.75 percent is not competitive in the region and causes a loss of $2.8 million in annual revenue.”
If the tax proposal passes, Powell would be able to improve upon its infrastructure assets, including the 120 miles of streets, 24 miles of bike paths and continue to provide a highly respected public safety department. In addition, the city will continue to build a strong partnership with the business community. The tax measure will benefit businesses through the creation of an annual grant program, infrastructure improvements, such as key connections to enhance accessibility, as well as strengthen the city’s top-rated safety services and amenities.
“On May 4, Powell residents have an opportunity to make their voices heard,” said Mayor Frank Bertone. “City Council unanimously decided to bring this proposal before Powell voters this spring because we know now is the time to invest in Powell’s future. I encourage every Powell voter to make their voice heard on our path forward by voting on the income tax restructuring proposal.”
For more information about what’s on the ballot and the impact of the proposed income tax restructuring, visit cityofpowell.us/tax-restructuring-resolution.