Council rejects credit limit on taxes

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.