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Old 12-22-2011, 05:24 AM
 
Location: Mason, OH
9,259 posts, read 13,371,704 times
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It gives the Income Tax revenue, but no breakdown of what portion is paid by Cincinnati residents versus what portion is paid by non-city residents who work there. That is what I was looking for.
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Old 12-22-2011, 07:14 AM
 
Location: Mason, OH
9,259 posts, read 13,371,704 times
Reputation: 1920
Quote:
Originally Posted by wolden View Post
The information was right there on page 40 or so of the annual report. Here you go.

Revenues: 2010
Program Revenues:
Charges for Services $ 148,478
Operating Grants and
Contributions 64,475
Capital Grants and
Contributions 23,436
General Revenues:
Property Taxes 51,509
Income Taxes 297,636
Admission Taxes 4,174
Shared Taxes 64,714
Occupancy Taxes 2,007
Unrestricted Investment Earnings 10,861
Miscellaneous 27,380
Total Revenues 694,670

Note that the table itself, as standard for financial reports, shows the 2010 vs 2009, but I could not paste it effectively. BUT property taxes dropped a stunning 36% from FY 2009 to 2010!!! Did anyone else hear this previously?

Income tax is BY FAR the largest contributor to revenue, at 42.8% of all revenue.
The apparent huge drop in Property Taxes is not realy there. The bulk of it is from reclassifying TIF revenue and moving it from Property Taxes to Miscellaneous Income. There was a drop in Property Taxes but nothing like 36%.
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Old 12-22-2011, 08:02 AM
 
10,139 posts, read 22,431,459 times
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For my part, I think an amusement ride would be a lot more effective if it was a giant Ferris wheel on the riverfront like London has. Think of the view. That is an attraction that people would actually pay to use.
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Old 12-22-2011, 09:22 AM
 
442 posts, read 417,974 times
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Too bad the streetcar isn't an amusement ride. My girlfriend came in from MSP (the most thriving metro in the midwest with unemployment near pre-recession levels and a much higher average standard of living than Cinci) and was enamored by the architecture of Cincinnati but completely stunned at the fact there was no public trans of quality. As a girl who had never had to use a car to get around except for vacation in Florida, she was taken back by Cincinnati's "behind the times" attitude to public trans but also excited to hear the ball was about to start rolling.

Wilson, you obviously don't understand the concepts of TIFs, TOD, property tax, income tax, and transportation in general.
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Old 12-22-2011, 10:03 AM
 
Location: Mason, OH
9,259 posts, read 13,371,704 times
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homiej... Careful when tangling with Wilson. He would nothing better than to tear you a new one. He may be opinionated, but likely knows more about property investment than the vast majority on this forum.
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Old 12-22-2011, 10:39 AM
 
2,886 posts, read 3,954,293 times
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Quote:
Originally Posted by kjbrill View Post
homiej... Careful when tangling with Wilson. He would nothing better than to tear you a new one. He may be opinionated, but likely knows more about property investment than the vast majority on this forum.
Wilson's pretty good about researching people's past postings, too. homiej, if memory from a conversation on the Lexington forum serves me right, aren't you a UK student from eastern Kentucky? If so, you can take it to the bank that Wilson knows a bit more about Cincinnati in general than you do.
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Old 12-22-2011, 10:39 AM
 
405 posts, read 754,055 times
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Quote:
Originally Posted by kjbrill View Post
It gives the Income Tax revenue, but no breakdown of what portion is paid by Cincinnati residents versus what portion is paid by non-city residents who work there. That is what I was looking for.
Good point. I wonder if the city or anyone actually compiles this data. They "ought" to do so, in order to understand their revenue source, since income tax is the biggest single revenue source. On the other hand, all they really care about is boosting the # of people who work in the city.

If you go to the very end of the annual report there is a section on "statistics" and see:this section:

"Revenue Capacity – This section provides information on the City’s ability to generate revenue, specifically income tax (the major source of revenue for governmental activities)and property tax revenue."

Then on page 260 it gives most of the demographics of population vs labor force for the city, the MSA, the county , state and country.

I feel like one should be able to deduce the answer to your question from the data on page 260, but I couldn't quite do so...
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Old 12-22-2011, 10:45 AM
 
800 posts, read 697,412 times
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>the best way for cincinnati and the U.S. to get out of debt


Cincinnati, like all municipalities in the state of Ohio, must balance its budget each year, and therefore it cannot accrue debt. The only item in the city's budget that could be confused for "debt" is underfunding of penion liabilities, and it has been well-known amongst political observers for the past 10 years that at some point the Federal Government is going to bail out the states and cities with regard to this, which is why they continue to underfund them.
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Old 12-22-2011, 11:13 AM
 
10,139 posts, read 22,431,459 times
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Quote:
Originally Posted by kjbrill View Post
homiej... Careful when tangling with Wilson. He would nothing better than to tear you a new one. He may be opinionated, but likely knows more about property investment than the vast majority on this forum.
Quote:
Originally Posted by Sarah Perry View Post
Wilson's pretty good about researching people's past postings, too. homiej, if memory from a conversation on the Lexington forum serves me right, aren't you a UK student from eastern Kentucky? If so, you can take it to the bank that Wilson knows a bit more about Cincinnati in general than you do.

Why thank you both. In fact, I am coming around on the streetcar. I know it is useless as a transportation utility but I am beginning to see it as an actual (but expensive) attraction to bring people downtown. It should be linked with the casino though. Perhaps that will follow. It must be at the casino's cost.
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Old 12-22-2011, 11:23 AM
 
Location: Bridgetown, Ohio
526 posts, read 1,260,264 times
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Quote:
Originally Posted by jmecklenborg View Post
>the best way for cincinnati and the U.S. to get out of debt


Cincinnati, like all municipalities in the state of Ohio, must balance its budget each year, and therefore it cannot accrue debt. The only item in the city's budget that could be confused for "debt" is underfunding of penion liabilities, and it has been well-known amongst political observers for the past 10 years that at some point the Federal Government is going to bail out the states and cities with regard to this, which is why they continue to underfund them.
Yes and that is why we are in the financial mess we are in.. what happens when the Federal Government can't or won't bail out the cities and states? .. they have threatened to do this before.
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