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Home > Blogs > Hamilton News and Issues > Archives > 2008 > April > 09 > Entry
The quest for dollars
With the Hamilton’s general fund expected to come up $600,000 short of expenditures in 2008, the city is always looking for an additional revenue source. The prospect of raising income tax isn’t desirable and the process of building up industry to increase the tax base is desirable but neither easy nor quick.
So, where else can money come from?
City officials floated the idea of red light traffic cameras in the fall, but it met with some opposition on council and has yet to take off. Though, there has been some mention of the idea again recently.
Another idea is for the city to follow the lead of Cincinnati and Oxford and own its own vehicle impound lot. Currently, the city contracts out impoundment services to four towing companies. Those companies then make money by charging storage fees and by selling the cars if the owner never comes to pick them up.
“Those are all fees that we could charge if we had our own impoundment lot,” said Capt. Joe Murray, operations commander for the Hamilton Police Department.
While the idea is still in very preliminary stages, Murray said it would change nothing but where people pick up their cars. There’s not even a lot of start up cost to the idea.
“If you have the land, you basically need a fence around it,” he said.
So, in this early stage of discussion, how does it sound to you?
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