City of Powell Income Tax Update

Today, an article is in ThisWeek News Olentangy discussing last Tuesday’s finance committee meeting. Read the article here to get the details on the committee meeting. The committee’s meetings are open to the public.
I think this is a fair article. I would prefer, in all honesty, that the City not spend any money right now on capital improvements due to the current economic situation – we should not spend money we don’t have. However, if it is determined that there are projects that are “musts” and voters are willing to approve a small income tax increase, the other optional projects could be voted on separately as bond issues. This way, residents have the option to select projects they want. I understand entirely that we don’t want our roads falling apart, but I am also not sure we’ve reached that point. You, the readers and voters, can determine that at the polls.
Additionally, a large income tax increase (or any income tax increase, for that matter) hurts those who live and work in Powell. Many of the Powell businesses have owners or employees who also live in Powell, and if the original tax rate of 2% were selected, those people would see their income taxes nearly triple. With the bond issues, everyone would pay equally for any of the optional projects residents decide they want by expressing their opinion when they vote. While the City performs surveys, since the surveys do not tell residents exactly how much money each of the projects will cost them, I am not convinced that the surveys can be considered entirely accurate. We all change our minds on things once we know how much they cost.
If a majority of the community doesn’t want something, in these days of cutting budgets and saving our money, the City should do the same and save that project for another day. Governments, in general, should not spend money that they do not have.
What do YOU think? If you live in the City of Powell, please email me at Sara@SaraMarieBrenner.com or call me at 740.917.0009 to let me know. You can also attend the Finance Committees on the 2nd Tuesday of each month at 7pm, or Council meetings on the 1st and 3rd Tuesdays at 730pm. Double check with the City of Powell to make sure the meeting is occurring as scheduled before attending.

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