by German Lopez
106 days ago
Streetcar cancellation costs outlined, Ohio joblessness spikes, state to repay overpaid taxes
Streetcar Project Executive John Deatrick yesterday revealed that the city might only keep $7.5-$24.5 million if it cancels the $132.8 million streetcar project,
after accounting for $32.8 million in sunk costs through November, a
potential range of $30.6-$47.6 million in close-out costs and $44.9
million in lost federal grant money. But Mayor-elect John Cranley flatly
denied the numbers because he claims the current city administration
“is clearly biased toward the project and intent on defying the will of
the voters.” Meanwhile, at least two of the potential swing votes —
incoming council members David Mann and Kevin Flynn — showed skepticism
toward the estimates, although Mann said, “If they do hold up, that’s
fairly persuasive.” Three elected council members already support the
streetcar project, so only two of the three potential swing votes would
need to vote in favor of it to keep it going.
Ohio’s unemployment rate rose to 7.5 percent in October, up from 6.9 percent a year before. The state added only 27,200 jobs, which wasn’t enough to make up for the 31,000 newly unemployed throughout the past year. The numbers
paint a grim picture for a state economy that was once perceived as one of the
strongest coming out of the Great Recession. In comparison, the U.S.
unemployment rate actually decreased to 7.3 percent from 7.9 percent
between October 2012 and October 2013. (This paragraph was updated with the nonfarm numbers.)
The Ohio Department of Taxation (ODT) will repay $30 million plus interest to businesses
that overpaid taxes throughout the past three years. The announcement
came after Ohio Inspector General Randall Meyer found ODT had illegally
withheld $294 million in overpayments over the years. Meyer’s findings
were made through what was initially a probe into alleged theft at ODT.
Outgoing Councilwoman Laure Quinlivan could request an automatic recount
because she came tenth out of the nine elected council members, right
after Councilwoman-elect Amy Murray, by only 859 votes. But Quinlivan
and Hamilton County Board of Elections Chairman Tim Burke agreed the
recount would be a long-shot. Still, Quinlivan noted that a flip in the
count could be a big deal because she supports the streetcar project and
Murray opposes it.
Cincinnati Public Schools are trying to expand their recycling efforts.
Here is an interactive infographic of meat production in 2050.
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0 Comments · Wednesday, November 6, 2013
The Ohio Department of Taxation last week
released separate tax forms that will allow gay couples who live in the
state but got married in another state to jointly file for taxes at the
federal level. But because of Ohio’s constitutional ban on same-sex
marriage, same-sex couples won’t be able to jointly file for taxes at
the state or local level.
Keller's already paid $56K when closed
6 Comments · Wednesday, January 26, 2011
Owners of the Keller’s IGA, a longtime anchor of the Gaslight District on the Ludlow Avenue business strip that was forced to close its doors earlier this month, still are optimistic that they can soon reopen the store but admit there are too many obstacles in the way to be certain.