Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Beaver Creek council advances 1% income tax ordinance, proposes 50% property tax reductions
Summary
After a lengthy presentation and public comment, the Beaver Creek City Council on March 9 moved Ordinance 26-10 (a proposed 1% municipal income tax paired with a 50% reduction of specified property tax levies) to a second reading; council members argued the change would diversify revenue and reduce property taxes for many homeowners while staff projected a multi-year revenue ramp-up and short-term deficits during implementation.
Beaver Creek, Ohio — The Beaver Creek City Council on Monday advanced Ordinance 26-10, a proposal to impose a 1% municipal income tax and eliminate or reduce specified property tax levies by 50% after the 2026 tax year, moving the ordinance to a second reading after extended debate and public comment.
Finance staff presenting the ordinance said the measure is intended for general municipal purposes — operations, capital needs, infrastructure and debt — and would be effective July 1, 2027, if voters and subsequent administrative steps allow. "The income tax would become effective July 1st, 2027," the presenter, Mr. Graham, told council members, and the measure would include a 100% credit for income taxes paid to another city up to 1% (SEG 557–563). The presentation cited a Miami University model estimating roughly $19.6 million a year at a full run rate for a 1% levy, with an expected three-year ramp-up (approximately 60% in year one, 85% in year two,…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
