Content about Tax

June 11, 2010

After projected budget shortfalls for 2010, residents of Fairborn and Xenia will be facing a number of levies aimed at income tax increases and tax renewals pushed by city and school district officials.  

After projected budget shortfalls for 2010, residents of Fairborn and Xenia may be facing a number of levies aimed at income tax increases and tax renewals pushed by city and school district officials. 

On Thursday, the Xenia City Council approved an ordinance for a second attempt at passing a 0.5% income tax increase; the  measure which was already defeated once by taxpayers in May, will appear again in the fall on the November 2 ballot.

May 23, 2010

The latest economic trends report by the Federal Reserve Bank of St. Louis reveals why City of Xenia officials think they need more of taxpayer's scarce financial resources. In 2009, the report shows a 3 percent increase in GDP, which means total revenue produces by all our work as a nation. That figure reminds me of pre-industrial era economic growth when governments and citizens lived within their means most of the time.

The latest economic trends report by the Federal Reserve Bank of St. Louis reveals why City of Xenia officials think they need more of taxpayer's scarce financial resources. In 2009, the report shows a 3 percent increase in GDP, which means total revenue produces by all our work as a nation. That figure reminds me of pre-industrial era economic growth when governments and citizens lived within their means most of the time.

May 16, 2010

A new state revenue report by the Tax Foundation came our yesterday. The report entitled “State Revenue Changes from 2008 to 2009” reveals Ohio tax revenues declined 8.7 percent the period assessed. Ohio ranked 28 which amounted to 2/10 of a percent below the national average of 8.9 percent.

A new state revenue report by the Tax Foundation came our yesterday. The report entitled “State Revenue Changes from 2008 to 2009” reveals Ohio tax revenues declined 8.7 percent the period assessed. Ohio ranked 28 which amounted to 2/10 of a percent below the national average of 8.9 percent.