08/26/2024
Monroeville Village News
INCOME TAX CREDIT CHANGES
JANUARY 2025
Council recently came to the difficult decision that in order to increase needed revenue, the credit given to those who have taxes withheld in other municipalities will be 75% rather than the 100% that has been credited in the past. This change will be effective on 1-1-25, with the tax filing for fiscal year 2024. This is not a tax increase, as Monroeville’s tax rate will continue to be 1%.
Lately Council has heard the growing concerns about the condition of our streets, the need to replace our downtown sidewalks, address the condition of the community’s sidewalks, and to construct a much-needed downtown parking lot. Council has seen the decline in state and federal financial support, and are currently noticing the rising costs of supplies, maintenance, and operating materials. Council has given consideration to the enhancement of the overall efficiency of all village operations, as well as financial stability over the long term, and concluded that in order to address these concerns, this income tax change is necessary. Council firmly believes that this change will allow them to provide vital resources to improve the strength and foundation of the community.
