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CITY OF NORTH OLMSTED RFSOLUTION NO. 95- 93 By: Mayor Edward Boyle and Council A RESOLUTION PETITIONING THE OHIO GENERAL ASSEMBLY TO INCREASE THE ELIGIBILITY CEILING FOR THE HOMESTEAD EXEMPTION. WHEREAS, our citizens of the City of North Olmsted who are age 65 and over and those who are prevented from working due to permanent disability are especially vulnerable to the pressures of economic inflation, and WHEREAS, Ohio voted real property taxes have increased 85.1 % which is well beyond the growth of personal income during the decade ending 1993, and WHEREAS, the inflation rate over the ten year period increased 45 % in Ohio, but eligibility rules for the Homestead Exemption have remained constant since the reform of 1987, and WHEREAS, an additional 11,824 households in Cuyahoga County 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 $20, 800, and WHEREAS, Governor Voinovich has taken the initiative by allocating $34 million in funding in the 1996-97 Ohio biennial budget proposal to implement an increase in the income eligibility ceiling from $16,500 to $20,800 with conesponding adjustments to the intermediate brackets, and WHEREAS, the Ohio House has, on April 6, 1995, passed HB 117, which incorporates the expansion of I3omestead benefits for retirement age and disabled property owners. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF NORTH OLMSTED, COUNTY OF CUYAHOGA AND STATE OF OHIO: SECTION 1: To endorse and support the passage of Homestead Exemption reform as embodied in HB 117, the 1996-97 biennial budget and to mail a copy of this document to Ohio Governor George Voinovich, Cuyahoga County Auditor Tim McCormack, Ohio Senate President Stanley Aronoff, Senators Drake, Kucinich, Sheerer and Suhadolnik and to Senator Roy Ray, Chairperson of the Senate Finance Committee.