Published: Wednesday, September 13, 2006
Official: Tax law changes to affect levy revenue for MRDD board
BOARDMAN — Changes made in the tangible personal property tax law in the 2005 state budget will eventually reduce the Mahoning County Board of Mental Retardation and Developmental Disabilities levy revenue, said Larry Duck, superintendent.
Starting in 2011, the tangible personal property tax paid by businesses will be phased out over seven years. In today's dollars, that will be a $1.6 million loss in revenue from the Mahoning County MRDD's two levies. The levies generate a combined $17 million each year, about $14.5 million of which comes from real estate, Duck said.
While the effects of the tax law change for existing levies is still several years away, if an additional or replacement levy is passed, the law would take effect immediately.
Duck said he has no plans for an additional levy. Moreover, given the loss of tangible personal property tax revenue, he said he is uncertain if the county MRDD would be ahead financially even if a replacement or additional levy were to pass.
While the effects of the new tax law are years away, it doesn't make sense to build up expenses, Duck said at the MRDD board's meeting Monday at Meshel sheltered workshop in Boardman.
In other action at the meeting, the board approved a contract for physical therapy services with the Mahoning County Educational Services Center not to exceed $24,600 in the current school year. Those services will be provided to the pupils at the Leonard Kirtz School in Austintown.
The MRDD board's next meeting will be at 6 p.m. Oct. 9 at Leonard Kirtz.
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