Thursday, August 22, 2002
Reading voters dodge tax
By The Cincinnati Enquirer
READING Because of a foul-up in paperwork submitted to the county auditor's office, voters here will not decide this November whether doubling their property taxes is the way to solve the city's budget woes.
City Safety-Service Director Timothy Hoerst, who acknowledged that the ballot-issue problem was the city's fault, said the paperwork could have been fixed, but not by today's deadline. Plus, City Council members have $4 million in bonds that they can cash in within the next few months.
The bonds were purchased after the city sold its former electric plant about 30 years ago.
Mr. Hoerst said that about $700,000 in bond money will be used to help balance next year's $4.5 million spending plan while the remainder should target capital improvements.
The city now levies 3.5 mills for homeowners.
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