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.
Columbus-Area Leaders Speak Out Against Proposed Estate Tax Repeal
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State leaders have proposed ending Ohio’s estate tax. But some Columbus-area leaders say repealing it would be a detriment to their communities.
Supporters of an estate tax repeal say it would help small businesses and the middle class … and it would keep older, wealthy people from moving to states without the tax, like Florida.
But Columbus Mayor Michael Coleman disagrees. He vehemently opposes the repeal.
“They’re cutting taxes to the rich, while at the same time cutting services to ordinary people,” Coleman said.
Coleman said Columbus already could face a 50 percent reduction in state funds over the next two years. And losing the estate tax, he said, would affect services like police and trash pick-up.
But president of Upper Arlington City Council Frank Ciatola said he philosophically opposes the tax, but he said its repeal hurt Upper Arlington’s budget.
“I’m torn. I mean, if I wasn’t on city council I’d be strongly advocating for it to be repealed. But I think overall it will be better for our state,” he said.
The estate tax does not generate very much revenue for the state; most of the money goes to local municipalities.