A Disaster For The City

Today's Journal....

City may lose $600,000 a year in lost income tax revenues
Bill attempts to create uniformity and streamline the state’s income tax code

MIDDLETOWN —
The city’s finance director said if House Bill 601 is approved as written, it could cost the city $600,000 a year in lost income tax revenues.

attempt to create uniformity and streamline the state’s income tax code, something many cities, including Middletown, have been requesting to see happen.

But the proposed 129-page bill that its sponsors say will create “simplicity” in the tax code is “a disaster for the city of Middletown” as written, said Finance Director Russ Carolus. City Council voted unanimously to oppose the bill, an act several other cities in the area have done

SO, WE WANT THIS CHANGE BUT NOT THE CHANGE THEY ARE PROPOSING BECAUSE.......

“This particular bill as it is presented has numerous issues with it that will continue to effect our ability to collect, our ability to manage and our ability to just maintain our own sovereignty in terms of income taxes.”

IE...

IT HINDERS THE ABILITY TO COLLECT AND BLEED THE TAXPAYER DRY AND MONITORS HOW THE CITY DOES THE COLLECTIONS AS THEY .....I LIKE THIS...."MAINTAIN OUR OWN SOVEREIGNTY (CONTROL/OVERSIGHT) IN TERMS OF INCOME TAXES" CHANGE IT TO SUIT US, BUT WE DON'T WANT ANYONE WATCHING THE WAY WE COLLECT AND JUGGLE THE MONEY AFTERWARDS.

Though he didn’t say how to City Council Tuesday night, Carolus said this bill would cost the city’s general fund upwards of $600,000 a year. He said the city cannot afford to lose any additional revenue.

SURE YOU CAN RUSTY. JUST APPLY FOR FED GRANT MONEY OR MAYBE A LOAN OR TWO TO FEED THE LOSS. YOU'RE GOOD AT THAT....DO IT ALL THE TIME.


“In the most recent year, they took away our estate taxes, they took away our local government funds, they reduced our personal property taxes. We’ve lost almost $3 million worth of annual revenue from the state of Ohio in an effort to balance their budgets,” Carolus said

YEAH, BUT THAT AIN'T STOPPED YOU FROM BORROWING TO FILL THE PIPELINE. LOSE IT AT THE STATE LEVEL AND RECOUP IT AT THE FED LEVEL. NO BIGGY. CALL YOUR BUDS AT HUD. THEY'LL SEND THE CITY MORE MONEY. JUST KEEP TAKING ON MORE SECTION 8 AND REDIRECT THE MONEY TO SUIT YOUR NEEDS.


“We have over 600 different cities treating income taxes differently,” said Beck

YEAH, AND I BET MIDDLETOWN IS THE LEAST EFFICIENT AT IT IN TERMS OF BIGGEST BANG FOR THE BUCK. BLEEDING EVERY LAST DOLLAR HERE FROM THE INCOME EARNER AND JACKING THE RATE UP BECAUSE THEY REFUSE TO GENERATE REVENUE STREAMS BY BRINGING MORE EMPLOYERS TO TOWN AND COLLECTING PAYROLL/CORPORATE TAXES LIKE COMPETENTLY RUN CITIES DO.

This has always be council's MOO (mode of operation). Ask them a guestion they don't want to answer in front of the masses and they say: "we'll get back to you on that". The council meeting last Tues. Mr. Smith had asked for imformation to be answered at this meeting, what did they tell him, No we don't have that imformation, but we'll get back to you.Same broken record.They have always told only partial imfo. Only the part that suits them, but when you check the whole story, that's when the numbers don't jive.Thank you VIV

Miss Vivian -