By Sheila McLaughlin
Enquirer staff writer
LOVELAND - Property owners will get a 1-mill break on their tax bills next year (from 3.15 mills to 2.15 mills) thanks to an unexpected windfall from estate taxes.
But the decision didn't come without a lengthy debate among council members who differed on whether the city should save the $400,000, or share some of it with residents.
Council members Dan Daly and Todd Osborne wanted to sock the money away to help fund capital improvements that aren't in next year's budget, and use it as a financial cushion for unexpected expenses. They voted against the tax break.
Daly suggested that officials should look at some type of reimbursement to residents after they approved the budget for 2005.
The issue had to be decided in a hurry because local governments must certify tax rates to the county auditor by early November.
Council members also had discussed temporarily suspending utility or sanitation rates. But they decided on the property tax reduction because it seemed simpler.
The rollback means that property owners, on average, will see a reduction of about $35 per $100,000 of valuation, assistant city manager Tom Carroll said. It also means the city's general fund will receive about $240,000 less from taxes next year.
Election paranoia running rampant
Final push: Get voters excited
A survival guide to voting in Ohio (PDF file, 12k)
Rallies, caravans, calls: Voting day must be near
Bin Laden tape fodder in presidential contest
Electoral College 'tied,' too
Contract officer warned against Halliburton deal
Cheney to woo Aloha State
Gore gets lei before VP does
On the streets, door to door, citizens rally for school issues
Direct mail still potent for candidates
Remember my name!
Voters anxious for election
Some candidates endorse Ky. importing drugs from Canada
Getting out all the votes
Lakeside Park candidates oppose possibility of merger
Parties seek gains Tuesday in Ky.'s divided legislature
Amendment won't be last word, foes say
Voters turn to Bible for ballot guidance
Senate campaign comes down to barbs over Ten Commandments
Election 2004 section
TOP LOCAL HEADLINES
Police seek 3 men suspected in break-in, assault
National Guard tries new ways to entice recruits
As DNA backlog clears, Ohio police get leads in 210 cases
Pregnant smokers studied
Woman shot in sister's Price Hill apt. dies
Ethical concerns focus on eye surgery
Local news briefs
Boone aims to keep road from slipping into river
Family that kickboxes together stays together
Property value, tax soar
Pa. firm to design bridge linking Louisville, Indiana
Private prison not fined over violations, paper says
Northern Kentucky news briefs
Schools hope to keep gains while cutting staff
Staff-trimming always painful
'It's a great day at Dixie' and enrollment proves it
It took a village to free her
Loveland rolls back property tax 1 mill
Townships, I-71 corridor may get business recruiter
Bob Patterson, former CCD English teacher
Realty firm co-founder Thomas Duffy
Mary LaVelle keeper of keys at church
Richard K. Fritsche, 84, model maker
Crowley: GOP forfeits high ground in Senate race
Bronson: Guide to Iraq
Catwalk's not for cats