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Taxes, Budgeting and Finance

Guide public policy regarding tax structure, revenues and budgets. Provide economic forecasts and budget projections. Identify the costs and benefits to local communities of construction and expansion projects, redevelopment, that use public funds. Examine tax levies and funding for public services.

Economic Analysis of Tax Revenue From E-Commerce In Ohio

Submitted by Jaclyn Smith on Tue, 11/29/2011 - 5:54pm

We live in a time of dramatic economic change. The most dramatic changes come from technological and social innovations and our responses to them. The internet exemplifies this type of innovation. Its growth has given consumers new options for comparing and buying goods and services, and a new term has been coined for this field of business activity: e‐commerce.

Revenue and Expenditure Forecast with Demographic and Economic Analyses

Submitted by pitzerjr on Mon, 08/23/2010 - 9:07am

Revenues

  • Forecasts for major General Fund revenues sources indicate varying growth rates and have been influenced considerably by the recession.
  • Income taxes, which have accounted for 90 percent of the City’s revenue growth over the past four years, are expected to increase in future years at an average annual rate of 1.5 percent between 2010 and 2016. Significant declines in 2009 and 2010 reflect the economic recession.
  • In recent years, the City’s property tax revenues have remained flat as a matter of City Council policy.

    • Deerfield Township TIF Forecast Tool

    Submitted by pitzerjr on Mon, 05/10/2010 - 10:28am

    The Economics Center created an analytical tool to forecast commercial property values and TIF revenues for TIF districts in Deerfield Township. This tool is simple and dynamic, requiring a minimum amount of user input but still flexible in constructing optimistic and pessimistic forecasts to approximate a variety of underlying conditions.

    OKI Fiscal Impact Model

    Submitted by pitzerjr on Tue, 08/25/2009 - 3:01pm

    This project was joint work with Jacobs Engineering Inc. to construct a model to assist local governments in projecting the impacts of land use changes on tax revenue receipt and costs to the community.

    Please contact us with questions or for more information regarding this project.

    Deerfield Township Sales Tax Study

    Submitted by pitzerjr on Fri, 07/24/2009 - 4:36pm

    Please contact us for more information or with questions regarding this study.

    An Economic Analysis of the Impact of TIF Districts on State Tax Revenue

    Submitted by pitzerjr on Fri, 07/24/2009 - 4:35pm

    Please contact us with questions or for more information regarding this study.

    City of Cincinnati Revenue - Expenditure Forecast

    Submitted by pitzerjr on Fri, 07/24/2009 - 4:31pm

    The Economics Center prepared a revenue and expenditure forecast for the City of Cincinnati.

    Please contact us with questions or for more information regarding this project.

    The Tax Revenue Impact of Adopting a Sponge Tax in Ohio

    Submitted by pitzerjr on Tue, 03/03/2009 - 2:32pm

    Our analysis reveals that adoption of the sponge tax in Ohio would have a small negative impact on total state tax revenues in the short-run (a loss of $138 million), but a positive impact on tax revenues in the long-run (a net gain of $134 million). Modest- and medium-valued estates would have estate tax liabilities greatly reduced or eliminated with adoption of this tax.

    The repeal of Ohio’s estate tax law and adoption of the sponge tax will lead to a 46 percent loss in death tax revenue for the State of Ohio.

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