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Beavercreek finance director outlines income‑tax options if property tax limits advance
Summary
Finance Director David Graham presented two scenarios — a 1% income tax with 50% property levy reduction and a full property‑tax elimination replaced by a 2.9% income tax — and warned elimination of property taxes could produce multi‑year deficits before income‑tax collections mature.
Beavercreek — The city’s finance director told council that property taxes account for roughly 64% of the city’s revenue and that several recently passed and proposed state measures would substantially constrain future local property‑tax growth.
David Graham presented two modeled scenarios for the council’s consideration: a 50% reduction in property‑tax levies paired with a 1% municipal income tax, and a full elimination of local property taxes replaced by a 2.9% income tax. Graham said the 1% option would be conservative and take…
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