Foreclosures during the Great Recession added to thousands of blighted properties in Columbus. But, a state program helped fund demolition of many of those houses and apartment units.
Governor unveils budget proposal
Governor Strickland’s two-year budget proposal includes a large tax cut for homeowners and the elimination of several business tax breaks.
His plan would lower property taxes for all senior citizens who are homeowners as well as people who are permanently disabled and own homes.
That proposal would cost the state $386 million over two years.
Strickland wants to save money by ending a sales tax break for out-of-state residents who buy cars in Ohio. That would save taxpayers $130 million over two years.
He also wants to save $74 million by reducing a tax break that vendors receive for turning in sales tax receipts on time.
Eliminating that break would mostly hurt big retailers such as department stores.