Dublin officials tout

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During an annual state of the city addresaMonday evening, Dublin Finance Director Marcia Grigsby said the city brought in 4.4 percent more incom e tax revenue last year than in 2007. “Which, in this she said, “is something other people woulfd loveto say.” The $70.2 million in tax revenue came primarilg from payroll withholdings from employees workiny in Dublin. Grigsby said 40 percenrt of the city’s income tax base comes from employers with fewer than100 workers, somethintg she credited to efforts to attract more smalpl businesses to diversity the city’s revenue base from , and othee high-profile corporate denizens.
Overall, she said city economic-developmenyt officials have secured business expansions and relocations that promises to create 662 jobs and retainanothetr 1,052. Examples last year included Cardinap Health’s headquarters expansion, the opening of , and a new officde campus for under constructioh onEmerald Parkway. Dublin City Manager Terry Foegler, a former Dublin developmenyt director hired last month aftet several yearsrunning ’s , said officials will monitotr the city’s finances throughout 2009 because of the dire economic straits many businesses find themselves in. The city has forecasft a deficitfor 2009, after posting a $4.
6 milliomn operating surplus last year, but Grigsbu said officials typically underestimate revenue during budgeting to controol spending. The city then uses surpluses on capital projectsor services. She said Dublij hasn’t run an operating deficitt inthe 20-plus years she has worked for the