Twinsburg 's income tax rate will decrease from 2.25 percent back to 2.0 percent, following overwhelming approval of Issue 18 by city voters on Tuesday.
The income tax rate repeal was leading 2,458 to 386, according to complete but unofficial results from the Summit County Board of Elections. The city will see a decrease of about $2.6 million per year in income tax revenue.
"I think this is a very unusual thing for the city to support the voters in rescinding an income tax (increase)," said Mayor Katherine Procop. "We've always said that if voters supported the income tax hike, which they did, we would take a fiscally conservative approach and place the issue back on the ballot."
The income tax hike was first approved by voters in 2009 and suggested by City Council and the administration as a way to stabilize city coffers after the crushing loss of the Chrysler Stamping Plant in 2008 and 2009.
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