What you need to know about Ohio Politics and Policy
“What we see is that it is a part of the bigger picture from the state,” Geistfeld said. “Part one was to phase out the tangible personal property taxes on businesses and to eliminate the reimbursement of that tax money to districts. We lost $2.6 million per year due to that phase-out…”Mr. Geistfeld is absolutely correct. Schools were cut $1.8 billion in Governor Kasich’s first budget, and even with lawmakers restoring some of those cuts, schools are still getting half a billion dollars less than they did four years ago in the current budget. What this policy of cutting funding for schools and local governments means for taxpayers is not only more levies but more expensive levies. While Governor Kasich and Republican lawmakers have spent the recent weeks celebrating the measly income tax reduction included in the budget (which is mainly enjoyed by the wealthy) they always seem to forget to mention the fact that they also raised all Ohioans property taxes. And with the cuts to education and local governments in this budget, and the previous one, tax payers have Governor Kasich and Republican legislators to thank for their every growing property tax bills.
Tagged in these Policy Areas: K-12 Education | Ohio State Budget