Posted: 7:30 a.m. Tuesday, Oct. 8, 2013
LIBERTY TWP. —
What’s a JEDD?
A joint economic development district that allows for townships to partner with a municipality — or municipalities — to corporate an income tax on a specific area of the township.
How long have JEDDs been around in Ohio?
In 1993, the Ohio General Assembly passed legislation enabling local communities to create JEDDs.
Why are JEDDs important to townships, cities and villages?
JEDDs can be used by local governments to cooperatively address concerns associated with diminishing local revenues, economic development, growth and annexation pressures. They act as a way of solving economic development issues by providing local governments the ability to enter into legal agreements that will increase revenues and create jobs.
What are the advantages of a JEDD for a township?
Because townships are not permitted to collect income tax, the JEDD provides the ability to increase revenues in the form of income taxes and increased property taxes on previously vacant land.
The JEDD agreement prohibits annexation by the city or village for a minimum of three years and creates a cooperative arrangement with the city or village.
The increased revenue provides township officials a new funding source that will provide additional services to its residents at no further cost.
What are the advantages of a JEDD for a city?
The JEDD agreement enables a city or village to increase its income tax revenues.
The agreement typically extends infrastructure utilities, therefore generating additional revenue.
The JEDD creates a cooperative arrangement with the township in solving local economic issues.
Source: Ohio Department of Development
LIBERTY TWP.’S ANNUAL COLLECTIONS FROM JEDD
*as of Sept. 1, 2013
Source: Liberty Twp.
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