According to this Blade story, November personal income tax collections in Toledo are down, but business tax collections are up.
So, they're celebrating the increased taxes paid by our job providers.
Some would say that the businesses should pay the taxes rather than the individuals. I'm one of those who thinks that both businesses and individuals pay too much in taxes. I also recognize that businesses pass along such tax burdens to consumers in the form of increased prices, or cut other expenses (like wages, employees, benefits) in order to pay such tax bills.
Relying upon increased taxes from businesses to offset a lack of earnings from citizens will only drive businesses to other cities ... sort of like what's happened with Toledo's population. And without those job providers in the city, we'll have even LESS earnings from citizens. It's a vicious downward spiral - and it's not business-friendly.