Articles About income tax
While the top five businesses in Yellow Springs generate about a third of the Village’s total income tax revenue, dozens of smaller businesses together contribute a significant portion of the total.
The income tax decline in the Yellow Springs school budget has been news in recent weeks, and Village government has also seen a downturn in income tax in the past two years. However, the Village tax loss is significantly less than that of the school district, and Village Manager Mark Cundiff sees reason to believe that the worst is over.
The recession kicked Yellow Springs hard in 2008, according to state income tax figures, and the school district is still reeling from a significant drop in income tax revenue from that year, which schools received in 2009.