JEDDs expected to bring in $1.35M for 2014

JEDD TAX REVENUES

JEDD 2014 2015

Austin Center $443,411* $560,025**

Dayton Mall $691,659* $650,000**

Dayton $222,111* $220,000**

*Estimated revenue

**Projected revenue

Source: Miami Twp. Joint Economic Development Districts.

Joint tax deals involving Miami Twp. are estimated this year to bring in more than $1.35 million, nearly a third from Austin Landing.

At least as much money is anticipated for 2015, as agreements involving the township, Dayton, Miamisburg and Springboro are projected to draw in more tax dollars in the coming year.

This year’s revenues include an estimated $440,000 in taxes collected for the Austin Center Joint Economic Development District. For the first time in its five-year history, that board is about to distribute money to the township, Miamisburg and Springboro, officials said Tuesday.

“The numbers are beginning to look pretty good for its operators and for the jurisdictions that created it,” said Montgomery County Transportation Improvement District Executive Director Steve Stanley, Austin Center JEDD Board chairman.

The district includes land on all sides of the Interstate 75-Austin Boulevard interchange. It has seen millions of dollars in construction this year at Austin Landing, a 142-acre development at which Field & Stream and at least three restaurants recently opened.

“We’re definitely seeing more activity and more development and interest,” said Miami Twp. Planning and Zoning Director Chris Snyder, a member of the Austin Center JEDD board.

“It’s definitely been one of our busiest years,” he said. “It’s picked up from a public response. You could build a couple of office buildings, but the public really doesn’t interact with that.”

That JEDD is expected to bring in about $341,000 in income tax revenue, plus about $102,000 in hotel/motel taxes this year, said Miamisburg Finance Director George Perrine, treasurer of that JEDD board.

“We’re pleased with the performance of the JEDD,” Stanley said. “ It’s especially outstanding for the length of time it’s been in existence….We look forward to continued progress.”

The Austin Center JEDD levies a 2.25 percent income tax on all retail businesses and some offices within the boundaries. The Dayton Mall JEDD has the same income tax rate while the Dayton JEDD income tax rate is 1.75 percent.

Between all three JEDDs this year, Miami Twp. is expected to collect about $494,000, documents show. Miamisburg, which is part of Austin Center and the Dayton Mall JEDDs, is estimated to bring in roughly $179,000.

Dayton is projected to bring in about $68,000 while Springboro, a member of the Austin Center JEDD, is estimated to collect nearly $28,700, records indicate.

Growth within the Austin Center JEDD, Perrine said, is projected to bring in $450,000 in income tax and $110,000 in hotel/motel tax revenues next year, when a $15 million five-story office/retail building is expected to be completed and another restaurant, the Tex-Mex themed Chuy’s, is scheduled to open.

“There’s been tremendous growth there,” he said.