News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

NOCHE

Greater Akron Chamber

Levin Furniture


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Cuyahoga sales tax revenue: Good news with a caveat
Economist says the Federal Reserve's moves in interest rates could change nearly four of an improving trend
Story by JOANNA RICHARDS


 
In The Region:

A Cleveland economist who acknowledges he’s known for his usually gloomy outlook has good news: Cuyahoga County’s sales tax revenue is on a record upswing. For Ohio Public Radio, WCPN’s Joanna Richards has more.

LISTEN: Good news with a caveat

Other options:
Windows Media / MP3 Download (0:56)


Revenue has been up every month compared to the year before for 46-straight months, according to independent economist George Zeller.

“And that is extremely welcome, particularly given the huge declines that we previously had. We had a big hole to dig out of.”

Zeller says just a few years ago, the Great Recession brought the worst-ever plunges in sales tax revenue. The upward trend is good for local government, but it’s also a sign of overall economic improvement: people are spending more money.

But Zeller says there are still challenges. The county’s income from sales tax is still $28 million short of where it was at its peak in 2001. And there may be speed bumps ahead.

“We’re all very worried about the next several months, because the Federal Reserve is thinking of raising interest rates.”

Even when delivering good news, Zeller can’t help but include a few caveats.

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook



Stories with Recent Comments

The tiny town that time, and elections, forgot may go out of existance
Thank you for this story. I grew up in Limaville, my parents home is there still...unsellable due to the septic/sewer problem. Sometimes I am sorry I left...wis...

Where Ohio'sJohn Kasich stands in the presidential polls
We are fans of Gov. Kasich since he served in the House of Representatives. It pleases us to finally see him as the potential President of the United States. We...

Air Force unit gets training and Youngstown gets rid of some eyesores
Do they have to totally destroy all the beautiful oak and leaded windows, which I am thinking are probably there? Do they just have to destroy them like that? C...

Jewish challah and Native American fry bread at an Akron cultural exchange
Each time I saw the young students relate to each other, I got goose bumps. These young students can and hopefully will teach all of us to live and respect eac...

One of the Cleveland Orchestra's most celebrated musicians bids farewell
I had the honor of studying with Franklin Cohen in the late 80s and early 90s. He is unparalleled both as a clarinetist and as a musician. His deep personal war...

Summa's dress code is not 'etched in stone'
SOME OF THESE POLICIES ARE A COMPLETE JOKE. UNLESS YOU ARE DOING THESE TYPE OF JOBS EVERY DAY, YOU DON'T KNOW WHAT IS COMFORTABLE AND REASONABLE OR NOT. UNLESS ...

In a crowded, controversial field, Kasich's low-profile may be a boon
I think it should be required that if a candidate wants to use the facilities of one of our state universities to promote him- or herself, they should be requir...

How's Kasich selling in New Hampshire, and what about Iowa?
"If he heads there, says Gomez, he’ll either have to shy away from those issues, flip flop or “stick his finger in their face and say, ‘Yeah, yeah, I expa...

Ohio School Boards Association says new law could mean state takeovers of schools virtually anywhere
It would be nice if the state were this concerned about the dozens of failing charter schools.

Republican National Convention plans outreach to African American voters in Ohio
Too late! Seriously - I think the Republicans already blew another outreach campaign to blacks when they allowed many prominent members of their party to spea...

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University