Dusty Rhodes Hamilton County Auditor
Joe Deters
Robert Goering
Hamilton County Prosecutor
Hamilton County Treasurer
For Immediate Release November 29, 2011
County Leaders Warn Of Certifying Full Property Tax Rebate With No Plan Budget Commission concerned about bond rating, County general fund at immediate risk CINCINNATI – Hamilton County leaders joined together today to urge Commissioner Chris Monzel and Commissioner Todd Portune not to certify a full property tax rebate for 2012 unless they have viable plan to pay for it. Neither Commissioner Monzel or Commissioner Portune have proposed realistic, workable financial solutions to provide a full property tax rebate, but both claim they intend to certify a full rebate Wednesday. “It is the height of fiscal irresponsibility to spend money we don’t have out of the broken Stadium Fund. If these Commissioners vote to fully fund a property tax credit without the money to pay for it, taxpayers should offer each of them a one-way ticket to Greece to govern with other like minds,” said Hamilton County Auditor Dusty Rhodes. Auditor Rhodes, Prosecutor Joe Deters and Treasurer Robert Goering are members of the County Budget Commission which is established by Ohio law in each county. If a full property tax rebate were certified without the resources to pay for it, the Budget Commission would be required to take action. In order to fulfill their duty, they may be required to invade the County General Fund to pay for it. “The financial community, including rating agencies and our bond holders, must have absolute certainty that fiscal resources are available to meet the County’s obligations. Questionable schemes that cloud certainty could result in a downgrade of the County’s credit rating. More important, this risky behavior instantly places the County general fund in jeopardy and with it public safety services for citizens across our County,” said Prosecutor Deters. Without a plan in place to pay for the full property tax credit, it would be necessary for County Commissioners to begin developing first-quarter general fund budget reductions right away. Hamilton County’s budget has been reduced 24% during the last four years and is at its lowest level since 1998. “There is currently no plan to certify a full property tax rebate. It is irresponsible to provide a full property tax rebate without the funds to pay for it,” said Treasurer Goering.