Published: Wednesday, December 06, 2017 @ 9:49 AM
By: Nick Blizzard
The development districts Miami Twp. shares with three cities topped $2 million in tax revenue this year for the first time, according to year-end estimates.
The three Joint Economic Development Districts for Austin Center, Dayton and the Dayton Mall — which employ thousands of people and include dozens of restaurants and other nightspots — brought in $2,102,598, topping last year’s figures of $1,774,805, documents show.
The Austin Center JEDD – which also includes Miamisburg and Springboro – brought in an estimated $860,000 and the Dayton Mall district shared with Miamisburg took in about $817,052, records released this week show. The district with Dayton brought in an estimated $425,546.
The Austin Center JEDD – home to Austin Landing — levies a 2.25 percent income tax on all retail businesses and some offices within the boundaries. The township gets about 57 percent of payouts, while Miamisburg receives about 22 percent and Springboro roughly 20 percent, officials said.
The Dayton Mall JEDD — which is re-branding the mall area as the Miami Crossing District — has the same income tax rate, and the township gets 70 percent of those disbursements. The Dayton JEDD income tax rate is 1.75 percent and is split evenly between that city and the township.
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