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The mayor established a Futures Commission of local business and labor leaders to do a comprehensive analysis of the city's financial position and recommend changes.
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House Bill 1 proposes a flat tax of 2.75%, but critics say schools and libraries suffer.
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Lawmakers voted to lower the income tax after the state brought in more tax revenue than expected in recent years, creating historic budget surpluses. But critics say the measure will blow a hole in the state’s revenue-generating mechanism and lead to higher sales taxes on essential items.
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New projections for Cincinnati's income tax revenue over the next few years are more optimistic than previous reports, even though the city is expected to lose about 1.4% of jobs over the next 10 years.
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Cincinnati Council voted 7-2 Wednesday to oppose a proposal to ask voters for a small income tax increase to fund affordable housing. Council Member Chris Seelbach proposed the charter amendment, which would have appeared on the November ballot if approved.
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The proposal from Chris Seelbach would raise the city's earnings tax 0.1% and use the revenue for the Affordable Housing Trust Fund.
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Cincinnati Council Member Chris Seelbach announced Monday he is proposing a charter amendment to raise the city's income tax from 1.8% to 1.9% in order to…
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Among the possible questions voters might face on the ballot this fall is whether they want to make it harder to raise the state income tax, by...
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A lawmaker from Hardin County is hoping Kentucky follows the example of Tennessee and other states that don’t impose an income tax on its residents....
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At this time last year, state lawmakers were in the midst of creating a two year budget with a deficit that was more than a half a billion dollars. It’s...