Dear fellow tax hikers, we strongly endorse the parking plan proposed by Cincinnati City Manager Milton Dohoney. As you will learn later in this blog entry, this plan makes it very likely that a big tax increase will be necessary in 2 years. Because of that, we encourage Cincinnati City Council to pass this plan now!
Cincinnati is facing huge budget deficits in each of the next two years. To solve it, Dohoney is proposing to trade a significant amount of the city's future parking profits (yes, the city makes big money on it's parking system) in return for an upfront payment now. Half of that money is earmarked towards plugging the budget deficits of the next two years. The rest of the money goes to spending projects, none of which are located in the neighborhoods outside of downtown.
The city would be sacrificing 30-50 years of future profits to avoid making the tough budget decisions today. In two more years Cincinnati will still be facing unbalanced budgets, but this time they will have significantly reduced parking system profits to rely on. The city will then have no choice but to pass some big tax increases. It's a brilliant plan.
Pass that parking plan today. And in two years we can all enjoy the higher taxes we so richly deserve. Tax us more!