WHAT SHOULD I BE DOING INSTEAD OF THIS?
 
 
by German Lopez 12.16.2013 122 days ago
Posted In: News, City Council, Development, Taxes at 11:15 AM | Permalink | Comments (0)
 
 
city hall

Budget Committee Advances Uptown Interchange Project

Property taxes to remain at current rate as a result of project

City Council’s Budget and Finance Committee on Monday unanimously agreed to allocate $20 million in capital funding for the $106 million interchange project at Martin Luther King Drive and Interstate 71. The funding will be backed through property taxes, which, according to the city administration, will prevent the city from lowering property taxes in the future as originally planned. Councilman P.G. Sittenfeld argued the focus should be on the project’s economic potential, not its possible impact on property taxes. “If the city stopped spending money and stopped investing in things, indeed people’s taxes would go down, but I don’t think it’s a very fair frame to think about making this very important investment,” he said. But Councilman Chris Seelbach said the public should know the full effects of the project. “Believe me, I support this, and I support this through the property tax, but I just don’t want us to be able to pass this without saying what it is,” he said. Council members said they support the interchange project because of the positive economic impact it will have on the uptown area, which includes the University of Cincinnati and surrounding hospitals. According to a May 2012 study from the University of Cincinnati’s Economics Center, the project will produce 5,900 to 7,300 permanent jobs. The same study found the economic impact of the project will reach $133 million during construction and $750 million once the interchange opens, which would lead to higher tax revenues. The city is carrying roughly one-fifth of the cost for the interchange project. The rest will be financed through the state and Ohio-Kentucky-Indiana Regional Council of Governments.
 
 
by German Lopez 06.18.2013
Posted In: News, Budget, Parking, Development at 09:07 AM | Permalink | Comments (1)
 
 
news1_parkingmeters

Morning News and Stuff

Court refuses delay on parking, interchange needs city support, final budget mixes tax cuts

The Hamilton County Court of Appeals refused to delay enforcement of its earlier ruling on the city’s plan to lease its parking meters, lots and garages to the Greater Cincinnati Port Authority, which will allow the city administration to sign the lease as soon as a lower court rescinds its original injunction on the plan. Six out of nine City Council members say they want to repeal or rework the deal, but City Solicitor John Curp says Mayor Mark Mallory, who supports the plan, has the power to hold any repeal attempts until Nov. 30, which means he can effectively stop any repeal attempts until the end of his final term as mayor. City Manager Milton Dohoney told City Council yesterday that the state government will not pay for the I-71/MLK Interchange if the city doesn’t pick up some of the cost. Dohoney made the statement when explaining how he would use the $92 million upfront money from the parking plan. The interchange project has long been sought out by city and state officials to create jobs and better connect uptown businesses to the rest of the area and state. State officials told The Cincinnati Enquirer the final budget plan may include downsized versions of the tax cut plans in the Ohio House and Senate budget bills. The House bill included a 7-percent across-the-board income tax cut, while the Senate bill included a 50-percent income tax deduction for business owners worth up to $375,000 worth of income. Democrats have criticized the across-the-board income tax cut for cutting taxes for the wealthy and the business tax cut for giving a tax cut to passive investors, single-person firms and partnerships that are unlikely to add jobs. Republicans claim both tax cuts will spur the economy and create jobs. Ohio ranked No. 46 out of the 50 states for job creation in the past year, according to an infographic from Pew Charitable Trusts. Both Ohio and Alaska increased their employment levels by 0.1 percent. The three states below Ohio and Alaska — Wisconsin, Maine and Wyoming — had a drop in employment ranging from 0.2 percent to 0.5 percent. Ohio Secretary of State Jon Husted announced 8,229 new entities filed to do business in Ohio in May, up from 7,687 the year before.StateImpact Ohio has an ongoing series about “value-added,” a state-sanctioned method of measuring teacher performance, here. The investigation has already raised questions about whether value-added is the “great equalizer” it was originally made out to be — or whether it largely benefits affluent school districts.The Ohio Environmental Protection Agency awarded $5,690 to the Cincinnati Nature Center for its teacher training program Nature in the Classroom. The grant will help continue the program’s goals of training first through eighth grade teachers about local natural history, how to implement a science-based nature curriculum and how to engage students in exploring and investigating nature. Controversial Cincinnati attorney Stan Chesley yesterday was suspended from arguing before the U.S. Supreme Court. Kings Island and Cedar Point were among the top 15 most visited amusement parks in the nation in 2012 — after the obvious hotspots in California and Florida. Meet NASA’s astronaut class of 2013. Google is launching balloon-based Internet in New Zealand. Got questions for CityBeat about anything related to Cincinnati? Submit your questions here and we’ll try to get back to you in our first Answers Issue. CityBeat is looking to talk to convicted drug offenders from Ohio for an upcoming cover story. If you’d like to participate or know anyone willing to participate, email glopez@citybeat.com.
 
 

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