Huber Heights

The Economy & Business
6:33 pm
Tue March 11, 2014

Huber Heights To Seek Income Tax Increase

Huber Heights has seen revenues decline since the Recession.
Credit Lewis Wallace / WYSO

Huber Heights has announced plans to seek an income tax increase on the November 2014 ballot; the city is predicting budget shortfalls of $2.3 million per year.

“We’ve been using reserves for the past five or six years to provide the services we have out there today, and we’ve come to a crossroads,” says Scott Falkowski, Huber Heights Assistant City Manager.

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The Economy & Business
6:00 am
Mon December 9, 2013

Hedge Fund-Backed Rental Company Wins Back $184,000 From Huber Heights City Budget

Property values in Montgomery County have declined since the Recession, making purchases like the Huber Homes cheaper for investors.
Credit Lewis Wallace / WYSO

Last month WYSO reported that an Illinois-based hedge fund had purchased about one in eleven homes in the town of Huber Heights. The company made national news by asking Montgomery County to reduce its property taxes by over a million dollars. Now the results are in—and they weren’t as hard on the local budget as expected.

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Housing
6:37 am
Thu October 24, 2013

A Hedge Fund Buying Up Huber Heights? WYSO’s Lewis Wallace Talks to Bloomberg Reporters

Huber Heights near I-70.
Credit WYSO/Lewis Wallace

A story in Bloomberg earlier this week found that hedge fund Magnetar has bought up a significant chunk of the rental stock in Montgomery County’s Huber Heights—and then requested a major reduction in those properties’ values. That reduction, if approved, could affect the city’s taxes and levies.

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Education
7:04 am
Tue January 8, 2013

Two Local School Districts Facing State Fiscal Oversight

The Ohio Department of Education notified the Fairborn City School District yesterday that it will be placed in "a state of fiscal caution" next week and the Huber Heights City School District is also facing a similar designation.  It would mean that the districts would borrow money from the state for operations which would need to be repaid.

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