TITLE

As Ohio Phases Out a Business Tax, Schools Must Seek New Revenue

AUTHOR(S)
Carvlin, Elizabeth
PUB. DATE
April 2006
SOURCE
Bond Buyer;4/26/2006, Vol. 356 Issue 32368, p30
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that school districts in Ohio are trying to find alternate means of raising revenue to make out for the state's termination of some business taxes. The state is to phase out locally collected personal tangible property tax, inventory tax and reduce the state's income tax by 20 percent. Standard & Poor's Corp. has said that the impact of the termination of business taxes on school districts will depend on how much of their tax base relies on those business taxes.
ACCESSION #
20708089

 

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