Council votes to raise property tax
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Posted: 06/27/2012
CINCINNATI - The Cincinnati City Council Budget and Finance Committee has approved a measure that would increase the property tax.
The full council voted 8-1 late Wednesday morning that will increase the property tax by $10 for every $100,000 valuation.
The money will be used to begin renovations of Music Hall, replace the District 3 police station in Price Hill, continue construction of Smale Park on the riverfront and renovate two community swimming pools.
The action only affects capital spending, not the operating budget, which is projected to show a $44 million deficit.
Wednesday's vote only sets the property tax for the city. The operating fund decisions, which could result in layoffs, will have to be made by the end of the year.
Stay with 9 News and WCPO.com for updates on this story.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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