I
will cut your taxes and bring prosperity to the cities and villages
of Ohio. Sounds good huh? Maybe too good to be true. Unless you call
degraded streets and unbalanced budgets, prosperity.
Too
make up for the shrunken sharing of your state income taxes, cities
like Wilmington and villages like Blanchester and Sabina are being
forced to ask their residents to make up the loss with increased
local taxes.
The
median household income for Wilmington residents is around $30,000
and the requested .5% tax increase will cost the household $150.
The
state tax cut per year results in a $108 savings using 2012 and 2015
state tax rates. Net loss to the household $42.
Amidst
this dichotomy the state’s budget carryover or slush fund is in
excess of two billion, with a b, dollars and growing.
There
ain’t no free lunch in state vs. local fiscal policy.
Thanks
a lot John, Bob and Cliff, we appreciate it.
Paul
Hunter
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