Sign In | Create an Account | Welcome, . My Account | Logout | Subscribe | Submit News | Facebook | Twitter | Home RSS
 
 
 

Changing rules on city income taxes may hurt cities

November 9, 2012
The Marietta Times

State law regulating municipal income taxes in Ohio ought to be uniform and fair. That should go without saying.

But a bill in the General Assembly to alter the rules by which towns and cities levy and collect income taxes may reduce their revenue from that source. At a time when most Ohio municipalities are struggling with lower revenue, in part because of cuts in state assistance, that is a big concern for local government officials.

Exactly how much revenue towns and cities would lose through enactment of the measure is unclear.

Balancing the needs of taxpayers, including job-creating businesses, with those of municipal budgets is tricky business. Again, tax burdens should be fair, uniform - and as low as possible.

But placing a new revenue loss burden on the backs of already stressed local governments may not be a good idea, especially now. State legislators should bear that in mind before acting on HB 607.

 
 

 

I am looking for:
in:
News, Blogs & Events Web