Toledo, Ohio – In response to yesterday’s public hearing on a one dollar increase in the Lucas County conveyance fee, Commissioner Pete Gerken is calling on leaders from the Lucas County Improvement Corporation and the Toledo-Lucas County Housing Fund to submit a proposed budget and plan for 2009.
“After two public hearings it is clear that both the LCIC and the Housing Fund are interested in this potential increase in the conveyance fee. In order to give my colleagues and me a reasonable basis to make a final decision, I am asking the leaders of both organizations to present a proposed budget and plan for how they would spend these funds in 2009,” said Gerken.
To allow both organizations time to present this budget and plan to the County Commissioners, Gerken is asking that any decision on a conveyance fee increase be deferred until Tuesday, December 16, 2008 at the regular Commissioners’ meeting.
“We as a Board must make a final decision with the best information available to us. If the LCIC and the Housing Fund have a detailed plan for these dollars, it’s important that the Commissioners have a chance to see it before we decide,” said Gerken.
Gerken is asking that each organization present its budget and plan to the Commissioners within the next 10 days.
The Commissioners are currently debating an increase in the conveyance fee, which would raise it from its current rate of $3 per $1,000 of property valuation to $4. This extra dollar fee is expected to generate approximately $800,000 in new revenue in 2009.
Comments: I appreciate that Gerken is actually asking for some accountability on how a new source of tax dollars will be spent...but we all need to remember - this is new taxes.
By asking for how these organizations will spend the money, they're all saying that they need the money more than the people paying the tax do...You and I are better judges on how to spend those dollars than any publicly-supported agency - especially if we're allowed to keep them and not fork them over to the government.