There’s some positive news for the Dayton housing market- home sales are at a five year high. The numbers are the most for the month of June since before the economic downturn began in 2007.
According to a new report from the Dayton Area Board of Realtors, home sales were up 24% from the same time last year. June is typically one of the stronger months for home sales. The prices of homes are also on the rise with an average sale price of just over 142 thousand dollars, a 10 percent increase from the same time last year.
Ohio’s economic recovery is showing up in the figures on tax revenue that state government is taking in. The final money tally from state budget year that just ended has Ohio up three percent compared to original estimates.
The newly released final numbers from the budget year which ended June 30 show the state getting more money than predicted, $670 million more over the past year to be exact.
That figure is about three percent more than original estimates.
The City of Dayton announced it will begin a new development project downtown. The commission approved a $36 million pre-development agreement for what’s called the Water Street Project that will enhance riverfront property in the city.
Ohio employers have been paying millions in higher taxes because the state has failed to repay a federal loan to cover unemployment benefits during the recession.
The Columbus Dispatch reports that the state's failure to repay the $1.5 billion federal debt has left Ohio employers with a $272 million tax increase over the past 18 months.
Employers pay state and federal payroll taxes to fund jobless benefits. But Ohio was among 36 states forced to borrow from the federal government to keep paying jobless benefits when the recession hit.