WHAT SHOULD I BE DOING INSTEAD OF THIS?
 
November 28th, 2011 By Danny Cross | News | Posted In: 2012 Election, Occupy Wall Street, News, Sports, Social Justice, County Commission, Governor, Protests

Morning News and Stuff

indian_hills_house"Get out of my yard, poor people!"

Headline: "Stadium tax rebate favors wealthy." Analysis: "No shit." Owners of the county's most-expensive homes reportedly receive more savings from the property tax rollback than they pay in the sales tax increase that was supposed to pay for the sports stadiums. An Enquirer analysis of last year's property tax payout found that the half-cent sales tax increase amounts to a maximum of $192 annually, while some high-value homeowners received tax rebates of $1,175 or more.

• Million-dollar homes account for less than 1 percent of households, yet they received nearly 5 percent of the total rebates — or one out of every $20 paid out.

• One out of four homeowners - those with a home worth $200,000 or more - got $8.8 million in rebates - more than half the total rollback.

• The median Hamilton County homeowner with a property worth $106,700 is eligible to get a $50.15 rebate under the rollback.

• The 132 Hamilton County homeowners with houses worth $2.5 million or more get at least $1,175 apiece.

• Property owners with homes worth $150,000 or less account for nearly six out of 10 households, but collectively they received less than 23 percent of the benefits.

County commissioners have four days to tell the auditor to go ahead and tax homeowners at the previous rate, but Chris Monzel and Todd Portune are up for reelection this year and won't dare change take it away from the powerful rich people.


[Correction: Monzel is not up for reelection.]

Said former commissioner David Pepper:"At its core, the property tax rollback creates a reverse-Robin Hood scheme, where middle-class homeowners and renters are not only the ones paying for the stadium, but also footing the bill for a tax break for high-value property owners. Those high-end property owners are not paying for the stadium at all."

Those excited about an opportunity to live in a brand-new neighborhood constructed between a river, a freeway and two sports stadiums will soon have plenty of opportunities to do so, as The Banks is well ahead of the new schedule developers made after it was delayed for 10 years.

Ohio's 2012 construction budget is expected to be tight, with a focus on repairs little funding for new local projects. Real cool, Kasich!

Los Angeles Police have reopened the streets around City Hall after removing the thousands of people who are so angry about corporate influence over politics that they've been camping out on the lawn for months.

Newt Gingrich says he's a lot more conservative than Mitt Romney. Congratulations, Newt!

China is “not optimistic” about the most recent round of climate talks. Must be some skeptics over there, too.

There is “hope” for this holiday season yet, as Black Friday sales hit a record level.

Former Florida football coach Urban Meyer has reportedly agreed to be Ohio State's new coach just a year after leaving Florida. UF's player's are OK with it, though. Over in Clifton, other schools are looking at UC's coach, Butch Jones.

Syracuse University has fired longtime assistant basketball coach Bernie Fine, who has been accused of sexual abuse, after a 10-year-old voice recording of his wife acknowledged some of the accusations. The firing is less than a month after Penn State University fired longtime head coach Joe Paterno over a sexual abuse scandal involving a former assistant coach. 

 
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