Columbus residents will vote on five bond issues earmarked for capital improvement projects.
COLUMBUS, Ohio — Election Day is less than two weeks away, and if you’re voting in the city of Columbus, you’ll see several bond issues on your ballot. But will your property taxes go up?
The five bond issues on the ballot will be for capital improvement projects.
David Gobbie, who lives in Eastmoor, went to the Franklin County Auditor site and found that if the five bond issues passed, his property taxes would rise by nearly $1,000 next year.
10TV reached out to Franklin County Auditor Michael Stintzian to ask what this would mean for taxes and if neighbors could see a bigger bill.
Stinziano says a bond transfer could mean a bigger bill depending on the value of your home, but the city of Columbus has committed to making sure that doesn’t happen.
“That’s what the voters agree to if it passes, that they agree to pay the benefit of the deal, but the bonds are structured in a way that the city paid off the bonds and never went to the voters to pay,” Stinziano said.
In an email to neighbors from Mayor Andrew Ginther’s office, the bond package “will not increase property taxes or impose new taxes. It will give our city access to the funding we need.”
The city says the bonds are repaid with a quarter of every dollar in income taxes and some utility bills. They say the city has never levied a property tax to pay off the bonds since 1956.