News Flash

General City News

Posted on: January 10, 2024

City Council Authorizes Election on 0.5% Earned Income Tax

Sidney City Hall Sign

During its November 27, 2023, regular meeting City Council adopted legislation to pursue an election to consider a proposed new 0.5% earned income tax. This additional earned income tax was presented as a part of the 2024-2028 Five Year Financial Plan discussions. 

The goal of the increased permanent earned income tax rate is to move projects into fruition that have long been discussed, or desired, but simply were not justifiable due to financial constraints. As page 72 of the 2024-2028 Five Year Financial Plan illustrates, the city has estimated the proposed earned income tax will generate an average of just over $7.0 million per year. A list of those capital projects that are proposed to be completed with the additional dollars can be found on pages 72-74 of the Five Year Financial Plan. Pages 75-76 outline those requested capital projects that would remain unfunded.

In addition to capital projects, a portion of the available earned income tax dollars will be allocated to employee costs to increase and improve services available to residents.

This proposed 0.5% earned income tax would be in lieu of extending the 0.15% income tax Street Levy which sunsets in December 2024. If passed by voters during the March primary, the new 2.0% earned income tax rate would become effective January 1, 2025.

Facebook Twitter Email

Other News in General City News

Shelby Public Transit

City Awarded Transit Grant Funding

Posted on: February 22, 2024
Logo of Sidney-Shelby County Health Department

Spring Clean Up Day Planned

Posted on: February 12, 2024
Sidney Fire and Emergency Services

Structure and Machine Fire

Posted on: January 29, 2024
Picture2

Maximum Chip Grant Funding Secured

Posted on: February 1, 2024
Sidney City Hall Sign

Comprehensive Plan Update Underway

Posted on: January 26, 2024
City of Sidney Parks and Recreation - Learn Play Grow

128 Tree Planted on Two City Properties

Posted on: December 15, 2023
Sidney Fire and Emergency Services

Structure Fire at 733 North Main Avenue

Posted on: November 3, 2023
Officer Swiger holding Lifesaving Awards

Sidney Police Officers Honored

Posted on: October 25, 2023
Before and After pictures of properties awarded Neighborhood Beautification Awards in 2023

2023 Residential Beautification Awards

Posted on: September 30, 2023
Graphic depicting where and how to test customer-owned water service lines

Water Service Line Material Identification

Posted on: September 27, 2023