stadium fund

Commissioners slice property tax rebate

Tana Weingartner — Wed, 05 Dec 2012 18:46:19 +0000

Hamilton County property taxes aren't going up but homeowners will be getting less money back next year.

Commissioners voted 2-1 to reduce the property tax rebate (PTR) homeowners receive.

The PTR was promised when voters approved a sales tax increase to build the Reds and Bengals stadiums.

Board President Greg Hartmann proposed the idea.

“I’m not happy about it but I think it’s the better of two evils. It reduces the property tax rebate by 50 percent for next year and puts us on footing to get this fund balanced for the future, to work with the teams,” he says.

Stadium fund: 'between a rock and a hard place'

Tana Weingartner — Mon, 03 Dec 2012 19:08:09 +0000

It's down to either raising the sales tax or reducing the property tax rebate.

County considering sales tax increase

Tana Weingartner — Wed, 28 Nov 2012 18:09:35 +0000

Hamilton County Commissioner Todd Portune is recommending a quarter cent sales tax increase to stabilize the stadium fund. His plan would also preserve the full property tax rebate promised to voters in the mid-90's.

The board is dealing with a $7 million gap. The proposal would increase the sales tax from 6.5% to 6.75%. Here's how Hamilton County's sales tax rate compares with Ohio's other 87 counties.

Stadium fund covered for another year

Tana Weingartner — Wed, 12 Sep 2012 18:06:28 +0000

Hamilton County Commissioners are moving forward with a plan to shore up the struggling stadium fund for another year.

Essentially the board is taking out an insurance policy to cover the bulk of the debt and fund what's left from county reserves. It'll cost about $300,000.

Proposal could solve stadium fund issue for one year

Tana Weingartner — Mon, 20 Aug 2012 20:36:16 +0000

Hamilton County Commissioners are considering a proposal that would cover the projected 2013 deficit in the stadium fund.