Thursday, December 31, 2015

Happy New Year!

Happy New Year to everyone!  This will be a challenging year financially for the City of Elyria, facing the departure of one of our largest employers and the resulting loss of revenue.  Additionally, the City will be asking the residents to pass an income tax increase of .5% in March at the primary election.  The lack of economic development for years within the City of Elyria, coupled with the loss of businesses and the reduction in the Local Government Fund monies from the State of Ohio have led to our expenses far exceeding our revenues.  The City has eliminated most capital expenditures for nearly 10 years and the facilities are in dire need of repair, upkeep and upgrades.  Please carefully consider whether or not you will support this income tax.  Keep in mind that the State of Ohio income tax has decreased by 6-10% over the past few years, making a .5% increase more easy to handle for household income earners.

Best wishes to all for a prosperous and healthy 2016!

Mark

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