Income Tax

Taxes
6:52 pm
Wed December 3, 2014

Tax Bill Upsets Miami Valley City And Town Leaders

The city of Springfield submitted pictures of its potholes along with testimony to the Senate Ways and Means Committee opposing HB 5. The bill could take $650,000 out of the city budget.
Credit City of Springfield

  A tax reform bill passed in the Ohio statehouse Wednesday has lots of city and town leaders riled up. The bill, HB 5, set out to reform local income taxes by adding some uniform regulations, including changing the system for companies that work in multiple municipalities. Right now, municipal income taxes are a patchwork, with different policies in over 600 municipalities around the state.

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Dayton City Budget
3:49 pm
Tue November 25, 2014

City of Dayton Working On 2015 Budget

Dayton's officials are coming up against some unknowns in the budget process for next year.
Credit Derek Jensen

The City of Dayton is starting its budget process for next year. Officials will be dipping into savings again to balance the spending plan.

 

It will cost about $160 million to run Dayton in 2015. That money comes from a variety of sources: income taxes, property taxes and casino revenue. But this year the city will also use $2.5 million in reserves.

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The Economy & Business
11:17 am
Thu July 3, 2014

Think Tank: New Ohio Tax Cuts Benefit The Wealthy

Credit Chris Potter / Flickr Creative Commons

Ohio’s looking at an $800 million surplus at the end of its fiscal year, and Republican Governor John Kasich has been touting $400 million in tax cuts in the latest mid-term budget, known as the mid-biennium review.

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Politics
12:26 pm
Wed March 12, 2014

Governor’s Budget Update Bill Includes Tax Cut, Cigarette And Driller Hike

The governor’s budget update bill includes another state income tax cut – paid for by increases in two existing taxes.

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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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