HAMILTON, Ohio — Does your family have a financial plan for if your income suddenly changes whether it’s an emergency fund, insurance, or a contingency budget? If you expect your household to adapt to uncertainty, shouldn’t you expect government to do the same?
Across Ohio, an initiative that would abolish property taxes is gaining traction. Municipalities must recognize that the possibility of drastic change demands planning.
In Northeast Ohio, where property values have risen, homeowners in Cleveland suburbs feel the squeeze. A retiree on a fixed income in Lakewood or Euclid can see a tax increase larger than their monthly utilities simply because market values climbed. This isn’t theory — it’s reality for many families…