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Vivek Ramaswamy’s property tax rollback would mean billions in cuts, according to a progressive Ohio group
['Aaron Payne']
WOUB Public Media
Vivek Ramaswamy’s property tax rollback would mean billions in cuts, according to a progressive Ohio groupCOLUMBUS, Ohio (Statehouse News Bureau) — The Republican candidate for governor has said he wants to roll back property taxes to pre-pandemic levels and then cap their growth, starting with his first budget next year.
Vivek Ramaswamy’s plan seeks to provide property tax relief to frustrated homeowners, but a progressive think tank said it will likely mean billions in cuts to local services.
“That’s cuts to our schools, meaning bigger class sizes, eliminating programs, not keeping buildings up,” McGovern said.
“That’s cuts to local safety programs.
Democratic candidate Amy Acton has proposed tax cuts that are targeted toward middle-income homeowners, such as raising the income limit for the homestead tax exemption and credits of up to $1,000 for certain homeowners with property tax bills that rise more than 4%.