Sandusky city commission supports compromise on tax hikes
If approved by voters, income tax rate increase to 1.25%, admissions tax rate to 4%.
Wednesday, 23 July 2014
Sandusky city commissioners unanimously voted yesterday to proceed with legislation in placing an income tax issue on the fall ballot. If the income tax rate increase from 1% to 1.25% is approved by residents, it would trigger a separate, automatic increase for the admissions tax from 3% to 4%.
The compromise came as a result of meetings between the city, Cedar Point, and the citizen group that was seeking an increase of the admissions tax rate to 6%.
If voters reject the issue in November, neither tax rate will increase.
Despite what happens at the polls, executives at Cedar Fair, Cedar Point’s parent company, vowed to pledge an additional $500,000 a year through private investment toward city operations.
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