TOLEDO (WTVG) - It's time to start thinking about Election Day 2020 but we're not talking about the presidential race.
Toledo voters are going to have a big decision this March, they'll be asked to increase the income tax.
According to Mayor Wade Kapszukiewicz, the new tax would raise the current temporary income tax by .5% to 1.25%. He says it would fund several things including roads, universal Pre-K and the police force. The new temporary income tax would run for 10 years. His plan is to have it on the ballot in March of 2020. If this tax increase is approved by voters it will be one of the highest in the entire state.
Toledo is currently lower than most major Ohio cities but this increase would put Toledo over the largest cities and pretty close to near the highest state wide.
If you take the permanent income tax and the temporary 3/4% tax that's been renewed for about 20 years, Toledo's total income tax rate is 2.25%. That’s what the state recognizes as our income tax rate. Of Ohio's major cities, Youngstown has the highest income tax at that sits at 2.75%. If the ballot initiative is approved that's where Toledo will be.
Cleveland, Columbus, Akron and Dayton are all at 2.5%. Dayton uses part of its money on universal Pre-K. After months of saying universal Pre-K would be privately funded, Wednesday night Toledo Mayor Wade Kapszukiewicz finally admitted that taxpayers will have to foot part of the bill. That will come from the proposed income tax increase. The income taxes round out with Cincinnati at 2.1%.
As for the highest income tax rates Euclid in Cuyahoga County is at 2.86%, and the highest in the state is Parma Heights, also in Cuyahoga County, is 3%.
Here’s a look at other area income taxes:
Bowling Green: 2%
North Baltimore: 1%
Oak Harbor: 1%
Port Clinton: 1.5%
Upper Sandusky: 1%