Toledo's income tax collections were up 3.27 percent at the end of July compared to the same period last year, according to city records released Thursday.
The city collected $94.2 million by July 31 from the 2.25 percent payroll tax, said City Finance Director Peter Rancatore said.
"Although the unemployment rate for July was up to 7.7 percent, up from 7.6 percent in June, 2017 and compared to 5.6 percent in July, 2016, there were 900 more jobs in July than in June of 2017, and 1,000 more than in July of 2016," Mr. Rancatore wrote in his monthly finance report to Toledo City Council.
The city expects to collect a record-high level of income taxes this year - $173.65 million.
The city's other revenues were also doing well this year, he said.
The city collected $2.7 million by the end of last month from handheld speed camera devices, which exceeds the $2.3 million that was expected for all of 2017.
Citations from stationary red light and speed cameras generated $1,077,079 by the end of July, which is about half of what is expected for the year.
Overtime for police the first seven months of the year cost taxpayers $1.7 million, which was slightly ahead of budget. The city budgeted to spend $2.7 this year for police overtime.
Melanie Campbell, Toledo’s budget commissioner, said the higher police overtime was because of retirements and should be reduced when this year's rookie officers complete their field training period, which pairs each new officer with a veteran officer
The fire department overtime cost taxpayers $1.45 million through July 31, which was about $138,500 under budget for that point in 2017.
Contact Ignazio Messina at imessina@theblade.com, 419-724-6171 or on Twitter @IgnazioMessina.
First Published August 24, 2017, 6:31 p.m.