Elyria Finance Director Ted Pileski and Law Director Scott Serazin said Council needs to move quickly if it would like to go on the November ballot with a request for voters to renew a temporary tax first passed in 1984.
Voters have to OK continuous collection of the revenue every five years, and the 0.5-percent temporary income tax is set to expire June 30, 2019. This is not to be confused with another 0.5-percent temporary income tax voters approved in 2016 that is known as Issue 6. Council has a few more years before it can ask for a renewal on that one.
But this older temporary tax must get approval with Council having just two chances — November and May — to garner support from voters before it expires.
Pileski said the tax brings in about $6.4 million each calendar year and losing the revenue would put the city in a deficit by the end of 2019.
Council has just one meeting — Council’s summer schedule means the members won’t meet again until Aug. 6 — to vote so it can meet the Lorain County Board of Elections filing deadline of 4 p.m. Aug. 8.
Serazin said that means the measure has to go before the Finance Committee on July 30 and go right to Council a week later.
He said anyone who has concerns about the tax should see him before those meeting dates.