n-3 bex lose 3a 1-20-11

1
estate tax. House Bill 3 has been assigned to the House Ways and Means Committee, where it will under- go further consideration. “The city of Bexley has been sitting on pins and needles for years anticipating this effort as estate tax repeal has been a fa- vorite target of certain legislators every time the legislature con- venes,” said Jeff McClelland, Bex- ley City Council president. “I’m sure Rep. Grossman has hard evidence that the estate tax is a major reason for 400,000 jobs leaving the state of Ohio and that such repeal will no doubt con- tribute somehow to closing an $8- billiion budget gap,” he said, “but one fact is certain and indis- putable: Ohio estate tax receipts are essential to the ability of Bex- ley city government to deliver services that our citizens expect and deserve. While the income stream from the estate tax is often erratic and unpredictable, mak- ing annual budgeting a challenge, there have been years when un- expectedly high receipts have bailed the city out of serious budg- et situations. “Unfortunately, by state law our revenue sources are limited and as a result, we do necessari- ly rely on the estate tax as a major revenue source,” McClelland said. “Doing so does afford some prop- erty tax and income tax relief to our citizens.” McClelland said Bexley City Council and the administration will be meeting to discuss efforts to educate state legislators on the critical need of certain cities for an estate tax. “Tax ‘relief’ that merely shifts a taxing burden from the state to the city is nothing more than po- litical shadow boxing,” he said. “Irrespective of your feelings regarding the existence of an es- tate tax for Ohio, the elimination of the Ohio estate tax would be devastating to the city of Bexley’s finances,” said Ben Kessler, who chairs city council’s finance and judiciary committee. “Income to the city from the Ohio estate tax has averaged ap- proximately $1.8-million per year over the past 10 years,” Kessler said. “That is roughly equivalent to 20 percent of our general fund income over the same period. A loss of income this significant would impact every level of city services in a tangible way.” Kessler said the news comes at a particularly difficult time for Bexley. “This proposal couldn’t come at a worse time,” he said. “The city is already operating under stressed financial conditions as a result of hard economic times, and we’re already facing the very real possibility of losing revenue from the Ohio local government fund during the 2011 state budg- et process.” According to statistics provid- ed by finance director Beecher Hale, local government funds from the state have accounted for an average of nearly $1-million per year (or 9 percent of operat- ing revenues) over the past 10 years. Kessler said Bexley is chal- lenged by the makeup of its busi- ness community. “Like many other first-ring sub- urbs throughout Ohio, Bexley has a lower ratio of the payroll-in- tense commercial uses that pro- vide many Ohio communities with the bulk of their funding for city services,” he said. “Because of this, we already operate on a shoe- string budget. “The elimination of the estate tax would dramatically impact the city’s ability to provide city services,” Kessler said, “and it would require a series of austere measures in order to make up for the loss.” Kessler said city officials re- acted immediately to the news. “Even though this news just broke today, Mayor (John) Bren- nan and members of council are already working hard to make sure Ohio lawmakers understand Bexley’s reliance on this revenue source,” he said. “We have con- tacted other communities that are in a similar position to us to dis- cuss formalized engagement with the statehouse, and we have been in contact with our statehouse and senate representatives. “The finance committee dis- cussed this issue at length tonight,” Kessler said, “and we will dis- cuss it further once we have had a chance to thoroughly review House Bill 3 and once we have a better feel for our options.” City council member Jed Mori- son said any loss of revenue will have to be made up through other sources. “Regardless of one’s views on this, it is important for people to know that if Bexley loses this rev- enue source, it will be a signifi- cant loss that will have to be made up some other way for us to main- tain basic city services,” Morison said. “Most don’t realize that the cur- rent law only affects less than 10 percent of the general public,” he said. “Perhaps, instead of a com- plete repeal, certain exemptions should be considered, such as the estates of family farmers who would otherwise face hardships.” Richard Sharp, also a member of city council, said the legisla- tion offers no solutions for local governments. “Many of the bill’s sponsors would probably agree with the analogy ‘It is better to teach a hun- gry person to fish than to give him a fish,’ he said. “In this case the state is breaking the fishing pole and draining the pond. That might not be bad if the pond was ran- cid and drying up anyway and the person was given a net and food to make the 3 day trip to a larger lake. Unfortunately HB3 breaks the pole, drains the pond and then walks away.” Sharp said a reasonable legis- lator would give Ohio local enti- ties a supply of food for the jour- ney. “An example in this case would be for the State to make supple- mental payments to those local entities based upon the prior 5 year average estate tax receipts,” he said. “The first year (2011) 100 percent of the average and then have that amount phased out 25 percent per year for the fol- lowing four years (2012-2015). “If the sponsors truly feel that there will be an economic bene- fit to the state by the change, they should be willing to share via sup- plemental payments, at least dur- ing such a 5-year phase out.” He also supports simplifying Ohio’s municipal income tax sys- tems. “The state already set prece- dence for this since that is the tax- able basis for school districts that impose an income tax,” Sharp said. “This allows the municipal taxable income of Ohio residents to be calculated in the same way throughout the state, and at the same time would greatly increase the taxable income base. “Communities such as Bexley, which have a large number of res- idents who earn currently untaxed interest, dividends, and capital gains are also the same commu- nities that previously had large estate tax revenues.” Sharp said it is also important for local governments to become more self-sufficient. “At the same time, I think it is the responsibility of local entities to stop crying that Mommy and Daddy took our pacifier, and begin the process of growing up and ask Mom and Dad to take us to the store to get our kindergarten sup- plies so that Ohio local entities can move on to a new and excit- ing stage of life, so that someday Ohio can be valedictorians ahead of those pesky kids: California, Florida, Texas, China and South Korea.” [email protected] www.ThisWeekNEWScom ThisWeek Community Newspapers Bexley Page A3 January 20, 2011 ThisWeek’s MOVIE OF THE WEEK IS DINNER FOR SCHMUCKS MAKE IT A MOVIE NIGHT WITH WOW! ON DEMAND! What A Movie! with Buzz Fitzgerald Go to www.thisweeknews.com/moviereview For WOW’s OnDemand Movie Review MARBURN ACADEMY… MARBURN ACADEMY… Simply Better Simply Better MARBURN ACADEMY… MARBURN ACADEMY… Simply Better Simply Better ADMISSION OPEN HOUSE Sunday, January 30, 2011 • 1:00 – 4:00 pm Grades 1 – 12 Orton-Gillingham accredited Tour the school • Meet the teachers RSVP required; bdavidson@marburnacademy.org or 614-433-0822 Celebrating 29 years of innovation in education for bright ADHD and Dyslexic students. For prospective students and their parents marburnacademy.org 614-258-1844 BUY BEFORE INTEREST RATES GO UP FURTHER!! We all know that, as more buyers begin getting serious about buying a house, interest rates go up. Why not buy now rather than later? Please call me to view these houses or condos. Let my 30 years of experience help you find the perfect house. 2587 BRENTWOOD RD. Pride of ownership is reflected in this updated Central Bexley home! Oversize LR/WBFP & DR, spacious kitchen/granite, family room, ref hdwd floors, extra large owners’ BR (bath could be added), wonderful front porch, lovely patio & yard, new roof & gutters, & ext just painted. 3 BRs, 1.5 BAs, rec rm in lower level, 2,422 SF. $415,000! NEW LISTING 993 S. ROOSEVELT Fall in love and say, “WOW!” Quality-built, beautiful gum wdwk & 8-panel doors, ref hdwd floors, Newer Pella windows, New bath, cute kitchen/breakfast room, pantry closet, roof (2002), Hardiplank siding & cedar shingles above, new deck & brick patio. 3 BRs, 1.5 baths. Appr. 1,500 SF. $225,000! NEW LISTING 17 SESSIONS DR. Live in a private home at prestigious Sessions Village. You need to see inside to appreciate all the fine qualities, grand gallery entrance, high ceilings, fab LR/WBFP/gas logs, huge family room & dining area/ view of spectacular yard/pond, huge kit/SS appl’s & granite island, 2 BRs, sauna & den on 1st, loft & owners’suite/deluxe bath on 2nd, 4,350 SF. $869,000 Wagenbrenner Company Realtors Serving Central Ohio Real Estate Needs for Over 30Years www.wagenbrennerco.com • www.BHoyerSellsHouses.com 1620 E. BROAD ST PARK TOWERS MINT studio condo on 8th floor of Park Towers. Over 500 SF, newer appliances, open kit with eating bar & two stools, nice size bathroom with shower/tub combo, and huge walk-in closet. Condo fee includes gas, electric, water, secure gated parking, 24-hour front door security, 24 hr LL garage security, social room, and outdoor patio with gas grill. Only $25,000! Your House Could Be Here! Please Call Me! BARBARA HOYER, CRS, GRI Serving your real estate needs with excellence, ethics and 29 years of experience. CBR Lifetime Achievement Award 2006 CBR $25 Million Dollar Award 1992 TROUVILLE EAST CONDOS Three lovely condos at desirable Trouville East. 5,748 Jardin Pl. for $239,000 (2,810 SF), 5771 Bastille Pl. for $220,000 (2,242 SF), and 5665 Notre Dame Pl. for $185,000 (2,470 SF). All have 1st floor owner’s suites!These brick & stucco condos are well-built, have large rooms throughout, and they “feel like real homes.” HOURS: 10 AM-7:30 PM Monday- Saturday Firearms & Shooting Sports Accessories, Sales & Service Special Orders, Appraisals, Gunsmithing, $25 Transfers, Ammunition, Optics, Military Surplus, Body Armor SHARPE’S SHOOTERS SHARPE’S SHOOTERS SUPPLY SUPPLY EAA EZ9 9mm $399.99 2 Mags Located in the Shops At Slate Ridge 1950 Baltimore Reynoldsburg Rd. (St. Rt. 256) Reynoldsburg OH 43068 • 614-FOR-AGUN (367-2486) WhereYou Won’t Be Treated Like A Number! Kel-tec P3AT 380 Was $259.99 Now $234.99 Please call (740) 888-5003 to list your event or service, or e-mail [email protected] Advertising Information The Worship Directory is your weekly listing for religious events in your community. Weekly prices vary by the amount of space occupied and the number of areas in which it appears. We welcome information about your services, special holy days, informa- tive or inspirational programs. For more information or to place your worship directory listing please call 740-888-5003 or email [email protected] Proof deadline is Thursdays at 3pm for the following Thursday. Faith and Fellowship Faith and Fellowship WINTER FRAME SALE TILL MARCH 20TH 25% - 50% OFF Bexley Optical Boutique www.bexleyoptical.com “When is comes to your eyes… Don’t Compromise2286 E. Main St. • Established 1983 • (614) 237-2200 Estate tax may be repealed by legislature Continued from page A1 The city of Bexley has been sitting on pins and needles for years anticipating this effort as estate tax repeal has been a favorite target of certain legislators every time the legislature convenes. JEFF MCCLELLAND Belxey City Council president

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Page 1: N-3 BEX lose 3A 1-20-11

estate tax. House Bill 3 has been assigned

to the House Ways and MeansCommittee, where it will under-go further consideration.

“The city of Bexley has beensitting on pins and needles foryears anticipating this effort asestate tax repeal has been a fa-vorite target of certain legislatorsevery time the legislature con-venes,” said Jeff McClelland, Bex-ley City Council president.

“I’m sure Rep. Grossman hashard evidence that the estate taxis a major reason for 400,000 jobsleaving the state of Ohio and thatsuch repeal will no doubt con-tribute somehow to closing an $8-billiion budget gap,” he said, “butone fact is certain and indis-putable: Ohio estate tax receiptsare essential to the ability of Bex-ley city government to deliverservices that our citizens expectand deserve. While the incomestream from the estate tax is oftenerratic and unpredictable, mak-ing annual budgeting a challenge,there have been years when un-expectedly high receipts havebailed the city out of serious budg-et situations.

“Unfortunately, by state lawour revenue sources are limitedand as a result, we do necessari-ly rely on the estate tax as a majorrevenue source,” McClelland said.“Doing so does afford some prop-erty tax and income tax relief toour citizens.”

McClelland said Bexley CityCouncil and the administrationwill be meeting to discuss effortsto educate state legislators on thecritical need of certain cities foran estate tax.

“Tax ‘relief’ that merely shiftsa taxing burden from the state tothe city is nothing more than po-litical shadow boxing,” he said.

“Irrespective of your feelingsregarding the existence of an es-tate tax for Ohio, the eliminationof the Ohio estate tax would bedevastating to the city of Bexley’sfinances,” said Ben Kessler, whochairs city council’s finance andjudiciary committee.

“Income to the city from theOhio estate tax has averaged ap-proximately $1.8-million per yearover the past 10 years,” Kesslersaid. “That is roughly equivalentto 20 percent of our general fundincome over the same period. Aloss of income this significantwould impact every level of cityservices in a tangible way.”

Kessler said the news comesat a particularly difficult time for

Bexley.“This proposal couldn’t come

at a worse time,” he said. “Thecity is already operating understressed financial conditions as aresult of hard economic times,and we’re already facing the veryreal possibility of losing revenuefrom the Ohio local governmentfund during the 2011 state budg-et process.”

According to statistics provid-ed by finance director BeecherHale, local government fundsfrom the state have accounted foran average of nearly $1-millionper year (or 9 percent of operat-ing revenues) over the past 10years.

Kessler said Bexley is chal-lenged by the makeup of its busi-ness community.

“Like many other first-ring sub-urbs throughout Ohio, Bexley hasa lower ratio of the payroll-in-tense commercial uses that pro-vide many Ohio communities withthe bulk of their funding for cityservices,” he said. “Because ofthis, we already operate on a shoe-string budget.

“The elimination of the estatetax would dramatically impactthe city’s ability to provide cityservices,” Kessler said, “and itwould require a series of austeremeasures in order to make up forthe loss.”

Kessler said city officials re-acted immediately to the news.

“Even though this news justbroke today, Mayor (John) Bren-nan and members of council arealready working hard to makesure Ohio lawmakers understandBexley’s reliance on this revenuesource,” he said. “We have con-tacted other communities that arein a similar position to us to dis-cuss formalized engagement withthe statehouse, and we have beenin contact with our statehouse andsenate representatives.

“The finance committee dis-cussed this issue at length tonight,”Kessler said, “and we will dis-cuss it further once we have hada chance to thoroughly reviewHouse Bill 3 and once we have abetter feel for our options.”

City council member Jed Mori-

son said any loss of revenue willhave to be made up through othersources.

“Regardless of one’s views onthis, it is important for people toknow that if Bexley loses this rev-enue source, it will be a signifi-cant loss that will have to be madeup some other way for us to main-tain basic city services,” Morisonsaid.

“Most don’t realize that the cur-rent law only affects less than 10percent of the general public,” hesaid. “Perhaps, instead of a com-plete repeal, certain exemptionsshould be considered, such as theestates of family farmers whowould otherwise face hardships.”

Richard Sharp, also a memberof city council, said the legisla-tion offers no solutions for localgovernments.

“Many of the bill’s sponsorswould probably agree with theanalogy ‘It is better to teach a hun-gry person to fish than to give hima fish,’ he said. “In this case thestate is breaking the fishing poleand draining the pond. That mightnot be bad if the pond was ran-cid and drying up anyway and theperson was given a net and foodto make the 3 day trip to a largerlake. Unfortunately HB3 breaksthe pole, drains the pond and thenwalks away.”

Sharp said a reasonable legis-lator would give Ohio local enti-ties a supply of food for the jour-ney.

“An example in this case wouldbe for the State to make supple-mental payments to those localentities based upon the prior 5year average estate tax receipts,”he said. “The first year (2011)100 percent of the average andthen have that amount phased out25 percent per year for the fol-lowing four years (2012-2015).

“If the sponsors truly feel thatthere will be an economic bene-fit to the state by the change, theyshould be willing to share via sup-plemental payments, at least dur-ing such a 5-year phase out.”

He also supports simplifyingOhio’s municipal income tax sys-tems.

“The state already set prece-

dence for this since that is the tax-able basis for school districts thatimpose an income tax,” Sharpsaid. “This allows the municipaltaxable income of Ohio residentsto be calculated in the same waythroughout the state, and at thesame time would greatly increasethe taxable income base.

“Communities such as Bexley,which have a large number of res-idents who earn currently untaxedinterest, dividends, and capitalgains are also the same commu-nities that previously had largeestate tax revenues.”

Sharp said it is also importantfor local governments to becomemore self-sufficient.

“At the same time, I think it isthe responsibility of local entitiesto stop crying that Mommy andDaddy took our pacifier, and beginthe process of growing up and askMom and Dad to take us to thestore to get our kindergarten sup-plies so that Ohio local entitiescan move on to a new and excit-ing stage of life, so that somedayOhio can be valedictorians aheadof those pesky kids: California,Florida, Texas, China and SouthKorea.”[email protected]

www.ThisWeekNEWScom

ThisWeek Community Newspapers Bexley Page A3January 20, 2011

ThisWeek’sMOVIE OF THE

WEEK ISDINNER

FOR SCHMUCKS

MAKE IT A MOVIE NIGHT WITH WOW! ON DEMAND!

What A Movie!with Buzz Fitzgerald

Go towww.thisweeknews.com/moviereview

For WOW’s OnDemand Movie Review

MARBURN ACADEMY…MARBURN ACADEMY…Simply BetterSimply Better

MARBURN ACADEMY…MARBURN ACADEMY…Simply BetterSimply Better

ADMISSION OPEN HOUSE

Sunday, January 30, 2011 • 1:00 – 4:00 pmGrades 1 – 12

Orton-Gillingham accreditedTour the school • Meet the teachers

RSVP required; [email protected] or614-433-0822

Celebrating 29 years of innovation in education forbright ADHD and Dyslexic students.

For prospective students and their parents

marburnacademy.org

614-258-1844

BUY BEFORE INTEREST RATESGO UP FURTHER!!

We all know that, as more buyers begingetting serious about buying a house,interest rates go up. Why not buy now

rather than later? Please call me toview these houses or condos. Let my30 years of experience help you find

the perfect house.

2587 BRENTWOOD RD.Pride of ownership is reflected in this updatedCentral Bexley home! Oversize LR/WBFP & DR,spacious kitchen/granite, family room, ref hdwdfloors, extra large owners’ BR (bath could beadded), wonderful front porch, lovely patio & yard,new roof & gutters, & ext just painted. 3 BRs,1.5 BAs, rec rm in lower level, 2,422 SF. $415,000!

NEWLISTING

993 S. ROOSEVELTFall in love and say, “WOW!” Quality-built,beautiful gum wdwk & 8-panel doors, ref hdwdfloors, Newer Pella windows, New bath, cutekitchen/breakfast room, pantry closet, roof(2002), Hardiplank siding & cedar shinglesabove, new deck & brick patio. 3 BRs, 1.5 baths.Appr. 1,500 SF. $225,000!

NEWLISTING

17 SESSIONS DR.Live in a private home at prestigious Sessions Village.You need to see inside to appreciate all the finequalities, grand gallery entrance, high ceilings, fabLR/WBFP/gas logs, huge family room & dining area/view of spectacular yard/pond, huge kit/SS appl’s &granite island, 2 BRs, sauna & den on 1st, loft &owners’ suite/deluxe bath on 2nd, 4,350 SF. $869,000

WagenbrennerCompany Realtors

Serving Central Ohio Real EstateNeeds for Over 30 Years

www.wagenbrennerco.com • www.BHoyerSellsHouses.com

1620 E. BROAD STPARK TOWERS

MINT studio condo on 8th floor of Park Towers. Over 500 SF,newer appliances, open kit with eating bar & two stools, nicesize bathroom with shower/tub combo, and huge walk-incloset. Condo fee includes gas, electric, water, secure gatedparking, 24-hour front door security, 24 hr LL garage security,social room, and outdoor patio with gas grill. Only $25,000!

Your HouseCould Be Here!

Please CallMe!

BARBARA HOYER,CRS, GRIServing your real estate needswith excellence, ethics and29 years of experience.

CBR Lifetime AchievementAward 2006

CBR $25 Million DollarAward 1992

TROUVILLE EAST CONDOSThree lovely condos at desirable Trouville East.5,748 Jardin Pl. for $239,000 (2,810 SF),5771 Bastille Pl. for $220,000 (2,242 SF), and5665 Notre Dame Pl. for $185,000 (2,470 SF). Allhave 1st floor owner’s suites! These brick & stuccocondos are well-built, have large rooms throughout,and they “feel like real homes.”

HOURS: 10 AM-7:30 PMMonday- SaturdayFirearms & Shooting Sports Accessories,Sales & Service

Special Orders, Appraisals, Gunsmithing, $25 Transfers,Ammunition, Optics, Military Surplus, Body Armor

SHARPE’S SHOOTERSSHARPE’S SHOOTERSSUPPLYSUPPLY

EAA EZ9 9mm$399.992 Mags

Located in the Shops At Slate Ridge1950 Baltimore Reynoldsburg Rd. (St. Rt. 256)

Reynoldsburg OH 43068 • 614-FOR-AGUN (367-2486)

Where You Won’t Be Treated Like A Number!

Kel-tec P3AT 380Was $259.99Now $234.99

Please call (740) 888-5003 to listyour event or service, or e-mail [email protected]

Advertising InformationThe Worship Directory is your

weekly listing for religious events inyour community. Weekly prices varyby the amount of space occupied and

the number of areas in whichit appears.

We welcome information about yourservices, special holy days, informa-

tive or inspirational programs.For more information or to place

your worship directory listing pleasecall 740-888-5003 or email

[email protected] deadline is Thursdays at 3pm

for the following Thursday.

Faith andFellowshipFaith andFellowship

WINTER FRAME SALETILL MARCH 20TH

25% - 50%OFF

Bexley Optical Boutiquewww.bexleyoptical.com

“When is comes to your eyes… Don’t Compromise”

2286 E. Main St. • Established 1983 • (614) 237-2200

Estate tax may be repealed by legislatureContinued from page A1

The city of Bexley has been sitting on pinsand needles for years anticipating this effort asestate tax repeal has been a favorite target of

certain legislators every time the legislature convenes.

JEFF MCCLELLAND— Belxey City Council president

“”