Homeowners will pay more for Cincy stadiums
CINCINNATI (AP) — Homeowners in the county that includes Cincinnati are going to be paying more next year to help support the city’s professional sports stadiums.
The Cincinnati Enquirer reports that Hamilton County commissioners on Wednesday reduced the property tax rebate to cover a $7 million deficit in the fund that pays for the baseball and football stadiums downtown.
In a 2-1 vote — with lone Democrat Todd Portune casting the no vote — commissioners rolled back the rebate by 50 percent for 2013 and agreed to do it again in 2014. This year property owners saved $70 for every $100,000 value of their home.
That means next year they’ll pay $35 more per $100,000 of home value.
The rollback doesn’t solve the deficit beyond 2014.