By a 2-2 vote, with one council member excused absent, Oakwood City Council rejected an ordinance Monday that would set a 1.75 percent credit limit on municipal taxes paid to other communities.
Within the past 18 months, to address a budget shortfall resulting from the elimination of the Ohio estate tax and the reduction of the local government fund, Oakwood voters approved a property tax increase, and the City has made significant changes to the refuse program and to staffing levels. Despite these changes and a reduction in city expenditures in each of the past five years, a financial shortfall remains.
City Council considered establishing the 1.75 percent credit limit to address the shortfall. STAFF REPORT
Thank you for reading the Dayton Daily News and for supporting local journalism. Subscribers: log in for access to exclusive deals and newsletters.
Thank you for supporting in-depth local journalism with your subscription to the Dayton Daily News. Get more news when you want it with email newsletters just for subscribers. Sign up here.