Published: Tuesday, January 02, 2018 @ 11:57 PM
By: Breaking News Staff
GERMANTOWN — City leaders met Tuesday night with residents unhappy about a tax change that will cost them more money this year.
Germantown City Council earlier voted to change the city income tax credit from 75 percent to zero. The tax credit was for those who live in Germantown but pay income taxes to the city where they work. Those who live and work in Germantown will see no changes.
Many cities across the state have had to reduce or cut income tax credits following the elimination of estate taxes that would benefit the local community.
“It was a decision we made reluctantly, but after a series of levies were defeated we decided to take away the income tax credit,” Mayor Stephen Boeder said.
The revenue will be used to help pay for infrastructure improvements, he said.
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