There is little being said about Governor Kasich latest tax bill and how if effects you, if you are a homeowner. He just eliminated the rollback credit that was established in 1972. What this means to a homeowner is your taxes are going up 10 - 12%. So if your real estate taxes are $4000 a year, you will be paying at least an additional $400. I don't know if we will see this increase in the January bill or the June bill. You might want to put this money aside so when it does increase you have it ready and are not surprised. If you have your taxes taken out through escrow it is very important to be ready for this increase. The reason to save up for this is you will have an escrow shortage. If you can write a check for the short amount, your house payment will only go up approximately $33 to $35 a month if you are presently paying $4000. If you don't have the money to write this check the bank will likely raise your house payment up to $70.00 a month until it recovers the shortage amount.
I am outraged by this manuever! We are in a very fragile economic recovery. I feel this is going to really hurt a lot of people and effect our economy dramatically. On top of this little stinker he has raised the taxes on all your purchases! He said he is lowering income tax. I don't know about you, but increasing my house payment and the cost of everything taxable doesn't seem like a real great idea!
He has shifted funding from Planned Parenthood which has been the only source of medical care for a lot of people.
Who is this guy looking out for? As our Governor he is supposed to work on our behalf.