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Article: McLin: City won't raise tax rate ; Other cities, such as Columbus, recently raised income tax rates to avoid cuts.
- Article from:
- Dayton Daily News
- Article date:
- September 24, 2009
- Author:
CopyrightCopyright 2009 Dayton Daily News. Provided by ProQuest LLC. (Hide copyright information)
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DAYTON -- Mayor Rhine McLin said Dayton will live within its
budget and will not follow the path Columbus took -- an income tax
rate increase -- to eliminate a budget shortfall.
"We're trying to keep businesses," McLin said. "Columbus was
different. They had tampered with their (cash) reserves and they
were forced up against a wall."
After a round of layoffs in late 2008 and early 2009, the
Columbus City Council asked voters for an increase in the income
income-tax rate to combat a forecasted $24 million deficit by the
end of the year. In August, voters agreed to increase the rate from
2 percent to 2.5 percent beginning in October.
"This was our first income tax increase in 27 years," ...