Larry Baker, senior partner at Grant Thornton in Cincinnati, is On the Money with Chris DeSimio to discuss tax strategies for individuals and businesses for the 2012 -2013 tax season.
By mid-January Cincinnati City Council must decide how much property tax money it wants to collect for the 2014 budget year. The vote will come as the body works to finalize next year's spending plan.The rate must be set earlier because the city is changing from a calendar year budget to a fiscal one. For the last decade Council has been holding the amount of property tax revenue collected steady or slightly reducing it. A Council Member asked Budget Director Lea Eriksen this week what that's meant for the city.