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CITY OF NORTH OLMSTED RESOLUTION NO. 99-47 BY: COUNCILMAN O'GRADY A RESOLUTION TO PETITION THE HOUSE WAYS AND MEANS COMMITTEE OF THE STATE GENERAL ASSEMBL Y TO ASK FOR ITS AFFIRMATIVE VOTE IN SUPPORT OF HOMESTEAD EXEMPTION REFORM AS EMBODIED IN HB 56. N'HEREAS, our citizens who are age 65 and over and those who are prevented from working due to a permanent disability are especially vulnerable to the pressures of economic inflation; and WHEREAS, the age 65 and over and work disabled population of Cuyahoga County totals more than 300,000 people, the vast majority of whom live on limited fixed retirement incomes; and WHEREAS, Ohio voted real property taxes have increased 88.5% which is well beyond the growth of personal income during the decade ending 1998; and WHEREAS, the inflation rate over the last ten year period increased 49% in Ohio, but eligibility rules for the Homestead Exemption have remained constant since the reform of 1995; and WHEREAS, an additional 12,920 households in Cuyahoga County alone, will have an opportunity to benefit from what for many is an onerous real property tax burden if the Homestead Exemption eligibility ceiling is raised to $25,000; and WHEREAS, Representative Dale Miller has taken the initiative by sponsoring House Bill 56 requesting funding in the 2000-2001 Ohio biennial budget proposal to implement and increase the income eligibility ceiling from $20,800 to $25,000 with corresponding adjustments to the intermediate brackets; and WHEREAS, House Bi1156, which incorporates the expansion of Homestead benefits for retirement age and disabled property owners, accepts and embraces cost of living adjustments that provide the most comprehensive protection against inflation; NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF i