Hamilton County Commissioners plan to vote Wednesday on the size of the property tax rebate homeowners will receive next year.
The PTR was promised to taxpayers when the sales tax was increased to fund the new Reds and Bengals stadiums.
Commissioner Greg Hartmann is floating a plan that would fund the PTR at $12 million.
"This year the property tax rebate was $10 million distributed to people that own property in Hamilton County," says Hartmann. "Next year it will be $12 million, which will be divvied up. It's about $42 per $100,000 of (property) value."
Light travels at the speed of 186,000 miles per second.
Cincinnati’s mayor-elect, John Cranley, has been pushing that speed limit in the 12 days since he won a landslide victory in a low-turnout election.
He has put together a seven-member majority of the new nine-member council to convince the Port Authority of Greater Cincinnati to back off issuing $85 million in bonds for the long-term lease of Cincinnati’s parking meters and five city garages – a deal that would have put that money into the city’s coffers as an upfront payment.
Hamilton County's Tax Levy Review Committee (TLRC) is recommending the county commissioners place a five-year levy for the Cincinnati Museum Center in November 2014, but only if the museum center meets certain conditions.
The conditions laid out to the county commissioners are:
- that the Cincinnati Museum Center, the city of Cincinnati, and Hamilton County form a task force to "ascertain and approve the necessary plans and cost for renovation" and upkeep of Union Terminal, which houses the museum center;