Reynoldsburg's McCloud vetoes tax-credit ordinance
Reynoldsburg Mayor Brad McCloud has vetoed a city ordinance passed Monday by Reynoldsburg City Council that would have cut the city’s income tax credit by half – thus hiking income taxes for the 80 percent of residents who work outside the city — without voter approval.
McCloud said today, July 25, that he vetoed the ordinance “after much thought and consideration” so residents could make a better decision at the polls in November.
The tax credit reduction ordinance would have required residents to pay a 0.75-percent income tax to Reynoldsburg on top of whatever they pay to the city where they work.
On the ballot in November is another tax issue - a request for a 1-percent increase in the city income tax.
If approved, it would raise Reynoldsburg’s income tax rate from 1.5 percent to 2.5 percent and generate about $5 million annually.
“I am and have long been a strong champion for the city of Reynoldsburg,” McCloud said. “I am now in my 18th year of elected service in the city and painfully aware of the need for additional revenue in order to keep our great city moving forward.
“While additional revenue can help us to move forward, I strongly believe at this point in time our residents should have the opportunity to make that decision at the polls,” he said. “It is also my hope that those individuals who so strongly agree that this issue should be placed on the ballot will work to get out the message that if the ballot issue succeeds, an overwhelming majority of our citizens, including retirees on fixed income, will not be affected.”
Resident Debby Peck, who created a Facebook page called “Reynoldsburg - No additional taxes without voter approval,” in opposition to the tax credit reduction, said members of the page were actively involved with the tax credit ordinance.
“We attended council meetings and spoke before council during the process,” she said. “Several contacted the city council members individually and met with the mayor to share their concerns. We were of the understanding that the tax credit ordinance would be tabled if a levy was placed on the ballot for November.
“When both measures passed by council on July 22, our members rallied their efforts to contact Mayor McCloud to veto the credit reduction ordinance,” she said. “We commend the mayor for listening to our concerns by vetoing the measure.”