Moraine is seeking voter approval to continue an income tax increase that residents favored as a temporary measure four years ago.
The city this fall plans to ask voters to make permanent the 0.5 percent, five-year income tax hike that boosted Moraine’s rate to 2.5 percent.
RELATED: Tax hike passage allows Moraine to adjust priorities
The tax-rate increase received approval from 53. 8 percent of the voters in May 2014, according to the Montgomery County Board of Elections. If passed, the permanent increase would become permanent Jan. 1, 2020, according to the city.
The tax hike cost a worker in Moraine earning $50,000 annually about $250 more a year, officials said.
The temporary approval four years ago projected $1.88 million in annual revenue to its budget, which was $16.5 million in 2013, Moraine officials said. Prior to the tax hike, the city had made cuts or curtailed spending in several areas, including jobs and services such as road repair.
It also froze employee wages and closed the city building at noon on Fridays.
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