(Cincinnati, Oh.) - Property owners in Hamilton County will shoulder the burden of closing the deficit on the stadium fund.
Republican County Commissioners Greg Hartman and Chris Monzel voted yesterday to cut a property tax rollback in half.
The extra money will shore up the county’s construction debt on Paul Brown Stadium and Great American Ball Park. The county had been facing a $21 million deficit on the stadium fund over the next two years.
Commissioners promised the property tax rebates in 1996 when the publicly-funded stadiums were approved.
Democrat Commissioner Todd Portune voted against the property tax hike. He had proposed a 10-year, quarter-percent increase in the county sales tax. Portune argued that the sales tax increase would have been more fair to property owners because out-of-county stadium users would then contribute to easing the deficit.
The reduced rollback, which will go into effect in January, will mean an extra $35 in property taxes for every $100,000 of valuation on a home.