Mayor Frank Jackson told Cleveland City Council 2017 would be “very problematic” if voters do not pass a half-percent income tax hike either this November or next March.
The mayor’s appearance before Council is an annual tradition prior to council conducting budget hearings.
Mayor Jackson was grilled by council members for three and a half hours.
The mayor explained that, if the city’s financial picture were only dependent on income tax, things would be great.
“We have $50 million of increased income tax revenue coming into the city, which indicates there’s prosperity, people are working and companies are making a profit,” he said.
But the city’s losing big money from multiple other sources.
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source: Wkyc.com
