Politics & Government

Kent's Income Tax Revenue Continues Climb

Every month but January in 2013 has seen increase

Kent’s income tax revenue continues to rise as more new businesses open downtown and Kent State University sees additional enrollment growth.

Six of the first seven months of 2013 saw higher income tax collections when compared with the first seven months of 2012.

The only month this year that did not exceed the previous year’s collections was January, which saw $897,977 in total collections—17.3 percent lower than the January 2012 figure of nearly $1.1 million.

Find out what's happening in Kentwith free, real-time updates from Patch.

The monthly increases from 2013 to 2012 are: February, 14 percent; March, 14.88 percent; April, 7.3 percent; May, 5 percent; June, 15.7 percent; and July, 0.62 percent, according to the Kent Budget and Finance Department.

The regular increases coincide with boosts in income tax revenue from Kent State employees this year. The first five out of seven months of 2013 have shown increased collections from the university compared with the first seven months of 2012.

Find out what's happening in Kentwith free, real-time updates from Patch.

The increases could put the city on track to surpass the total income tax collections for all of 2012, when Kent collected slightly more than $12 million—the most in the past five years.


Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.

We’ve removed the ability to reply as we work to make improvements. Learn more here

More from Kent