HAMILTON COUNTY, Ohio (WKRC) - Hamilton County's budget problems will mean fewer dollars in the pockets of county property owners after a vote by county commissioners on Wednesday.
The Hamilton County Board of Commissioners voted 2-1 in favor of a smaller annual property tax rebate. The rebate began in 1996 as a trade-off to voters who passed a sales tax hike to build Paul Brown Stadium and Great American Ball Park.
However, sales tax revenues are coming in too low for the county as it faces a $29 million deficit, so the rebate is being reduced.
The owner of a $100,000 home will now get a $29 rebate instead of a $61 rebate. Reducing the rebate will net $8 million for the financially-troubled county.