Murrysville will consider hiking earned income, real estate transfer taxes – TribLIVE

With public misperception swirling when Murrysville council considered raising its share of the earned income tax this spring, council members opted to wait for more precise figures.

“I believe we can wait a few months, the budget process will begin, and then we can say, ‘This is the exact percentage,’” council President Dayne Dice said in April. “We can then pass this enabling legislation, and then the tax increase, at the same time.”

That time is drawing closer, and a tax hike is possible.

At its meeting tonight, council will consider advertising an ordinance to amend the tax code and bump its percentage of the earned income tax from .5% to .7%.

Council’s initial announcement that it would explore a hike to as much as 1% brought criticism from residents. Some thought it also meant the Franklin Regional School District’s share would increase.

Currently, the 1% tax levied on earned income is split between the municipality and school district. But what the municipality collects has no effect on the school district’s share. In fact, if the district did want to bump its levy, it would have to do so through a voter referendum, per state law.

Tonight’s agenda also includes a vote to advertise an ordinance raising the real estate transfer tax from 0.5% to 1%.

The municipality has not raised taxes since 2007 and, beginning in 2012, revenue from earned income tax began to exceed the collection of real estate taxes, according to Murrysville Chief Administrator Jim Morrison.

If council chooses to advertise the ordinances, both will be subject to a public hearing at the Nov. 3 meeting. If they are enacted, they will take effect for the 2022 tax year.

Tonight’s meeting is set for 7 p.m. at the Murrysville Municipal Building, 4100 Sardis Road. Meetings also are broadcast live on Comcast local access Channel 19, and streamed through Murrysville.com.

Click here for Wednesday’s full meeting agenda.

Patrick Varine is a Tribune-Review staff writer. You can contact Patrick at 724-850-2862, [email protected] or via Twitter .

Source: https://triblive.com/local/westmoreland/murrysville-will-consider-hiking-earned-income-real-estate-transfer-taxes/

leave a comment

Create Account



Log In Your Account