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  • Introduced
    Jan 24, 2022
  • Passed House
  • Passed Senate
  • Signed into Law
HB 546
Ohio House Bill
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Allow local governments establish investment funds, reduce taxes
Last Action See all actions
House • Feb 15, 2022: Refer to Committee (Ways and Means)
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Comments on HB 546

Wayne Traffis wrote 5 months ago

Have you people even run the numbers to prove that this scheme is even feasible? When a typical 4 mill school levy passes in my school district, it would take over 55 years for my township to build up a bond investment that would accumulate enough interest revenue to exempt seniors from the resulting property tax increase. And that's just for one levy!! Furthermore, it's foolish to permanently allocate 1% of my township's revenue every year to raise revenue that will end up being paid to a local school district. Please take the time to crunch a few numbers to prove that this scheme is realistic.

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Actions
  • Feb 15, 2022 | House
    • Refer to Committee (Ways and Means)
  • Jan 24, 2022 | House
    • Introduced
Bill Texts