Saturday, September 11, 2010

Budget News from Rashad Young's Dayton, Ohio

"City struggling to collect income taxes

[City Manager Tim] Riordan, 64, took the city’s reins less than 12 months ago after his predecessor, Rashad Young, left to become city manager of Greensboro, N.C., leaving a projected $15 million to $20 million deficit behind.

Riordan is trying to right a city that’s been in economic decline for more than 12 years.

This year, despite conservative budgeting, the city is another $6 million in the hole and staring at another $17 million deficit next year, Riordan said.

On Tuesday, Aug. 10, Riordan calmly tells a few dozen, mostly black members of the Carillon Civic Council how in the last 12 years, Dayton has fared worse in income tax growth than any major city in Ohio.

...Riordan discuss if his recommendation will be to raise the income tax.

He worries doing so will chase businesses away.

“We have to balance the budget and none of the options are going to be easy,” he said. “But we’ve got to get it done and we have to get it done knowing that things are not going to get much better in the next couple years.”"

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