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Monday, October 19, 2009
State awards $657,154 contract to Dayton firm
Shook Touchstone LLC landed a $657,154 construction management contract with the Ohio School Facilities Commission to oversee projects in the Brookville Local School District.
The State Controlling Board approved the contract on Monday, Oct. 19.
Shook Touchstone is a joint venture with Shook Construction, a privately held firm founded in Dayton in 1926. Shook builds commercial and retail buildings as well as waste water treatment plants in the Midwest.
Shook Touchstone won a School Facilities Commission contract in October 2007 to provide construction management services for the Dayton Public Schools building and renovation projects.
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UPDATED with “typical family” tax info - House vote set for Wednesday on budget balancing bill
The House is tentatively scheduled to vote Wednesday, Oct. 21, on a bill to postpone the final year of state income tax cuts and to cut legislators’ salaries by 5 percent.
House Bill 318 was listed on the House’s Wednesday calendar, pending a report from the Finance Committee.
The Wednesday calendar was released on Monday, Oct. 19. The Finance Committee began meeting about 3:20 p.m. Monday. Committee Chairman Vernon Sykes, D-Akron, said the committee is expected to vote out the bill on Tuesday, Oct. 20.
Sykes said passage of the bill is needed to prevent big cuts to K-12 education.
House Speaker Armond Budish, D-Beachwood, on Friday, Oct. 16, announced plans to balance the state budget by postponing for two years a final 4.2 percent cut in a five-year plan to reduce state income taxes. It was the solution proposed by Democratic Gov. Ted Strickland to fill a $851 million hole in the budget.
The hole was created when the Ohio Supreme Court ruled that a plan to put video slot machines at Ohio’s seven racetracks was subject to a vote of the people in November 2010, delaying expected income from the VLTs for education.
Budish’s plan couples the postponement with the pay cuts for legislators, a plan originally proposed by Rep. Seth Morgan, R-Huber Heights. The pay cuts wouldn’t start until 2011, however, because the Ohio Constitution prohibits pay adjustments during legislators’ terms. The cuts would amount to $379 a year just for the House.
The state Department of Taxation has provided this information on how a temporary freeze on income tax rates would affect a typical family of four at varying income levels. If there is a freeze, families would pay slightly less in 2009 than in 2008 because the value of the personal exemption - available to all taxpayers and their dependents- is indexed to inflation. The personal exemption will grow from $1,500 to $1,550 for the 2009 taxable year.
Here is how much less families of four would have paid in 2009 with the scheduled fifth-year tax cut than they paid in 2008:
Income of $30,000 - $26 less
Income of $60,000 - $85 less
Income of $100,000 - $178 less
Income of $200,000 - $454 less
With the proposed freeze, here is how much less families of four would pay in 2009 than in 2008 because of increased value of personal exemption:
Income of $30,000 - $5 less
Income of $60,000 - $7 less
Income of $100,000 - $9 less
Income of $200,000 - $12 less
