Toledo News

Mayor Michael P. Bell today announced the year end financials that have been sent to independent auditors for review and certification. Those figures include a report of income tax revenues totaling $153.58 million and an anticipated surplus of $326,000 to be directed to the budget stabilization fund.

The Department of Neighborhoods is now publishing available bids online.  Visit the department webpage for more information, or click here to see active bids.

The City of Toledo would like to remind citizens that it’s getting close to tax time. 
The 2010 City of Toledo income tax return is due on or before April 18, 2011.

Mayor Michael P. Bell today released the 2011 Operating Budget at a press conference that included his administration’s finance staff, Safety Director, Police and Fire Chiefs and other directors. The Mayor made clear that 2011 again poses fiscal challenges for the city, noting an environment of increased expenditures and declining resources, but also emphasized that the budget includes no new or increased general fund taxes or fees.

City of Toledo Director of Finance, Patrick McLean, today announced the city’s projections for major revenue sources in the 2011 budget cycle. The city anticipates a 2.6% increase in income tax collections although property and estate taxes along with state revenue sharing will more than offset those gains leaving the city with nearly $1.6 million less in revenue for 2011 than 2010.