Fostoria plans layoffs if November levy fails
The five-year plan is the city's second attempt, as the financial planning and supervision commission rejected its first iteration in January -- in part because of its heavy reliance on tax increases. That version called for both a quarter-percent income tax increase and the 6-mill property tax levy.
The financial recovery plan is needed because the city was placed in fiscal emergency in May by State Auditor
The plan approved Wednesday includes nearly
"For anyone who thinks they didn't make cuts, they just weren't listening," she said.
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Built into the plan are two actions by council in recent months: one that is already increasing revenue, and another that would if approved by residents. Council in December approved the phase out of income tax reciprocity -- meaning residents who work outside
Reciprocity was reduced 50 percent starting
Last week, council voted to place the 6-mill levy on the November ballot, although some members had wanted a 4-mill levy instead, Councilman
If approved, the five-year levy would raise about
Water rate increases are anticipated in 2019, 2020, and 2021, according to the recovery plan, although
"Those can be evaluated every year and not be raised if we are in a better position down the road," Mayor
The city's general fund decreased from about
Among cuts to the budget are the closure of the city's pool, elimination of the police dispatch unit, and reduced health insurance increases.
The financial commission includes representatives of the state treasurer's office, the
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