Probably, council has made it so your taxes will probably go up because of the Music Center. It is important to notice that in order to get the best interest rate for the Aquatic Center Bonds the city has to use Income Tax revenue to guarantee payments. See the Oct 8, 2013 Admin committee agenda. This is probably because the banks have done the calculations and figured out that there's not enough money expected to come in to the TIF. This conclusion comes before most of the Music Center money is borrowed. If the banks are right then the city will have to use income taxes to pay off the Aquatic and Music Centers.
I contend the Music Center will force higher taxes because the Music Center doesn't look like it is going to make enough money to cover operational costs. The conclusion made in the second statement, "Based on the validation study" was written by someone that either didn't read or understand the validation study. If you read it you'll see the only possible way for it to make enough money to cover operations and management is if all the stars align perfectly every minute of the day.
TIF money is just another way of saying modified property tax. The city modifies the property tax in such a way that it diverts the payments from where they normally go into a special fund. See a partial explanation showing how one property taxpayer normally would pay $13,000 to police and fire funds but because of the TIF only pays about $500.
TIF dollars do not have to be used in the TIF district and even if they did it is easy for the city to include other areas into the TIF. TIF dollars must be used in a manner that "strengthens" the properties that pay into the TIF. When the Aquatic Center was being built we were told that it couldn't be built in the Huber Center because it was too far away from the TIF district. This year the Alcore Assisted Living Center on Bellefontaine and Fishburg was declared a TIF area. The taxes divert from there will go to pay for the Music Center. Just for reference Music and Aquatic Centers aren't even remotely similar to the list of items found in the definition of Public Infrastructure Improvements found in ORC 5709.40 (7).
For TIF properties, the city takes 70% of what the school would normally collect. This is not required by law.
The Ohio revised code for TIF municipalities is 5709.40. Looking at section (D) (1) tells me that the city could give all the TIF money to the schools if they wanted to do this. Other sections talk about the negotiations between the school and the city to determine how much the school will get.
When it came time to negotiate for the Huber Center TIF last November (2012) the City only gave the schools 30% of what the schools would have gotten if the TIF wasn't created.
Today the school's are losing tax revenue on the Music Center because the city now owns 33 acres that Miejer use to pay taxes (special assessments) on.
If businesses decide to build in "The Heights" keep in mind it will take three new ones just to make up for how much the city takes.
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As the Mayor of Huber Heights, I set the standard for transparency in government. When you decide who you want to work for you in Congress, consider who has a track record of fighting to make sure you know how your tax dollars are spent. I will bring you the most return on investment for your tax dollar. This result comes from my dedication to reveal all the details so we can have rational discussions that produce the strongest decisions and polic…
I consider education as the primary means to getting ahead in life. I’m proud that I have been able to share my knowledge as a Drill Sergeant in the Army Reserve, Initial Cadre for the C141B Undergraduate Navigator Course, Instructor at the Air Force Academy Preparatory School and Adjunct Faculty at Sinclair College. The download link to the right will allow you to review my college transcripts. Although, I am on schedule to meet my 8-year goal of be…
My father was in the Air Force when I was born in Grand Forks ND. As a teenager I would wear his old Khaki shirt and dress blue jacket to school. So it was a natural fit that in order to help pay for college I joined the Army Reserve in 1983 where I became a combat engineer and Drill Sergeant. In 1989 when I was just about to graduate from college my sister asked me to go with her to the Air Force recruiting station so that I could make sure the recr…
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