Tax the buildings or just the land? Ohio economists debate the benefits
It’s a hot topic in the economics world: Would it be fairer and better public policy if we were to tax just the land on which buildings sit instead of the land and all the improvements as well? Proponents of the land-value tax argue for what they see as its obvious benefits: A land tax […]
Marijuana legalization would add $260M to Ohio economy, study predicts
Despite what some of the truest of believers might contend, legalization of marijuana would come with costs to Ohioans. But an economic analysis that was released last week found that the benefits would outweigh those costs by a quarter-billion dollars a year. Issue 2, an initiative that would legalize recreational marijuana for people over 21 […]
Ohio Economists: Scholarships likely to keep high achievers in-state
A majority of a panel of Ohio economists thinks the state could keep many of its most talented students at home if the state offered scholarships to students who graduate in the top 5% of their class, according to a survey published this week. In doing so, the economists are effectively siding with Gov. Mike […]
Economists: Ohio flat-tax would worsen inequality
An overwhelming majority of a panel of Ohio economists believes that a flat-tax proposal pending in the Ohio House would worsen economic inequality in Ohio, according to a survey that was published Monday. Most of the 22 who responded also didn't think that the proposal would spur economic growth.
Richest 1% of Ohioans make almost as much as entire bottom half, analysis says
Income inequality in Ohio has been growing for the past 50 years, with the 1% who make the highest wages getting 10% of the total take in 2018, according to a new analysis. Compare that to the lowest-earning 50% of Ohioans. Combined, they only made a little more than that tiny, highly paid sliver of […]
Climate change is already costing cities. It’s going to get much worse
Ohio’s cash-strapped cities and towns are going to need to find billions more a year to keep pace as challenges from climate change intensify over the coming decades, according to a new analysis. Climate denialists have long ignored the overwhelming scientific consensus around global warming. That got a little harder last year when the International […]
One economic index shows Ohio lagging
By one measure of economic output, Ohio has roughly performed at the national average in recent years. But by another measure — intended to take into account factors outside the marketplace — it's not clear the Buckeye State is doing so well, a new report says.
Loosened zoning could cut housing costs, economists say
Less-strict residential zoning standards, such as those limiting an area to single-family housing, would make homes cheaper in the future, according to a survey of Ohio economists published on Monday. A poll of the Ohio Experts Panel by Scioto Analysis, found that 22 of 26 economists agreed that such a move would reduce housing costs. […]