Amendment
would extend
homestead exemption, reinstate property tax rollback, increase Local Government Funds
COLUMBUS - State Senator Lou Gentile
(D-Steubenville) offered an amendment that would have
repealed Gov. Kasich’s
elimination of the 12.5 percent property tax rollback
and restored property tax relief to Ohio’s senior citizens.
Kasich’s mid-biennium
budget review bill, House Bill 483 passed the Senate by a
vote of 24-8.
|
State Sen. Lou Gentile |
Last spring,
Republicans made drastic changes to the homestead exemption and the property
tax rollback during last minute
budget negotiations without any public input. The governor’s
budget included provisions that have hurt elderly Ohioans
and communities across the state.
“By
eliminating rollbacks, it negatively affects bond issues being brought forth by
schools and local governments,” Gentile said. “These changes were unfair and my
proposal today would have restored fairness to schools and property owners by
reinstating the 12.5 percent rollback the state pays on local property tax
bills for all future new and replacement levies.”
What
makes the 12.5% property tax rollback even worse is coupling it with the
scaling back of the homestead exemption. Those who are turning 65 and earn more
than $30,000 are really going to be hit hard by this budget. This change leaves
roughly 40,000 households affected. Democrats urged that if there’s
to be a threshold for the homestead exemption it should be based on public input
so it’s fair and appropriate and does not hurt the middle class.
"My concern is that the threshold
for the homestead exemption is too low, and it will prevent
thousands of would-be-seniors,
who may be
retired, on fixed-incomes or who are
struggling financially, from taking advantage of much needed tax relief that they are
counting on,” said Gentile. “We
shouldn’t raise taxes on senior citizens
to pay for income tax cuts that benefit wealthy
Ohioans. As the cost of living
increases for Ohio’s seniors,
the state should take into
consideration the impact this will have on their quality of
life.”
Gentile also
offered support for restoring the funding percentage that local
governments and libraries receive from GRF to the level that existed prior to the governor’s cuts.
The amendment would have helped
raise the local government fund
(LGF) percentage to 3.68% and the Public
Library Fund (PLF) percentage to 2.22%.
HB 483 now moves to the House of Representatives
to review and approve the
changes made in the Senate. If
agreement cannot be
reached, the bill will go to a
conference committee. The
bill must be approved by the
end of June.