.

Construction Work Helping Kent's Income Tax Revenue

A seemingly unprecedented amount of construction projects this year bring tax-paying workers into Kent

Hard hats and orange barrels seem to be everywhere you look in Kent these days.

Those may be signs of inconvenience to motorists, but they are harbingers of tax revenue for city officials.

Construction workers on projects in Kent pay income tax to the city. Throughout the next several years, several , the new , the ongoing Fairchild Avenue Bridge work, the and other construction efforts are expected to bring an estimated $640,000 in income tax revenue to the city.

"For anyone doing construction work, the fact that all this building is going on in town is good news," said Lock Reynolds, a labor economics expert at .

Reynolds said all the work in Kent has created a buffer for the city from the recent economic slow down taking place across the region and country, as indicated by .

"Construction jobs are going strong here in Kent, for example, because there’s all this stuff being built, but with the housing market falling again … that is really hurting construction jobs across the economy," Reynolds said. "Overall, construction is not doing well."

Combined with the employment stability of Kent State, all the projects make Kent far from representative of the rest of the country from an economic standpoint, he said.

The anticipated boom in construction income tax revenue comes after 11 straight months of continued improvement in the city's income tax revenue compared with the past year.

"Last year was pretty dismal … but at least it’s trending in the right direction," Kent Budget and Finance Director Dave Coffee told Kent City Council members recently. "Our construction that we have going on in the city is certainly a significant contributor to that."

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »