payroll tax

Remote work biting into Covington’s payroll tax revenue

BY: - June 5, 2023

The city of Covington has attributed its recent budget shortfalls to rising work-from-home policies.  Covington’s finance director Steve Webb disclosed during a presentation at a city commission meeting on May 23 that the city’s general fund’s expenditures had exceeded its revenue for the third quarter of the 2023 fiscal year, which ends on June 30. […]