Carbondale Adopts 2015 Budget With Wage Tax Increase

CARBONDALE, PA — City council on Monday unanimously adopted a budget for 2015 that raises the city’s wage tax a notch to cover an anticipated $120,000 deficit.

Council voted 7-0, with Joseph Marzzacco, Kathleen Connor, Jerry Arnese, Francis Lagana, John Masco, John Gigliotti and Walter Martzen all in favor, on both a budget appropriation ordinance and a separate ordinance raising the earned-income tax from 1.6 percent to 1.7 percent.

Increasing the city portion of the earned-income tax from 1.6 percent to 1.7 percent would equate to an extra $24 levied on a resident with the city’s median earnings of $23,893.

With the school wage tax remaining at 0.5 percent, the total wage tax on a Carbondale resident now will increase from the current 2.1 percent to 2.2 percent next year, when the one-tenth-of-1-percent hike is implemented.

Read more: http://thetimes-tribune.com/news/carbondale-adopts-2015-budget-with-wage-tax-increase-1.1803584

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