In an effort to better prepare for what's to come, financially, Chillicothe Council members and the auditor reviewed the city's revenue numbers, Tuesday. The city, which currently sits in fiscal caution, faced challenges in 2012, which were influenced by the reduction of the state-sponsored Local Government Fund, elimination of the Estate Tax Income, and declining property tax income to the city.
City Auditor Luke Feeney said last year's tax return revenue was around $11 million overall: "Over the past couple of years, we've seen a couple of increases and several years back there was a decrease."
While city officials hope to get more this year, they believe action needs to be taken.
"We're looking to cut inefficient costs, and we're looking to just make up for any loss ground on those lost revenues from the state," said Feeney.
Looking at the income tax, Feeney said the city is about $56,000 behind where it was last year, but he added that numbers tend to "bounce around a lot."
"Be aware that we're behind," said Feeney, "but be hopeful that the numbers will finish strong."
Council and the auditor reported revenues were up with building permits and EMS fees.
Feeney said little things, like collecting on parking tickets, will eventually add up and create a ripple effect in the longrun.
The city auditor also reminds the community that anyone who lives in Chillicothe and/or earns an income in Chillicothe is required to file a city tax return.
Council and other city officials will continue their financial discussions in another session on April 29 at 6:30pm.