On Wednesday, September 14, 2016, Mayor Frank G. Jackson briefed City of Cleveland managerial employees on the upcoming November 8 ballot measure to increase the city’s income tax from 2.0% to 2.5%.
Mayor Jackson’s slide presentation from that meeting is available to view and download below.
Highlights from the presentation:
- .5% income tax increase would generate an estimated additional $83.5 million for the City’s General Fund.
- First hike in the city’s income tax rate since 1981.
- City of Cleveland has experienced a permanent annual loss of $30 million in local government fund (LGF), commercial activities tax, tangible personal property tax, and estate tax. Since 2010, the accumulated annual loss from State of Ohio Revenue is $146.5 million.
- Over half of the municipal budget is devoted to Public Safety (58%) and Public Works (12%).
- Successful passage of income tax increase means a structurally balanced budget and enhanced services.
- Failure to pass income tax would mean hundreds of city employee layoffs and elimination of services.