BROOKLYN, Ohio — Misplaced within the coronavirus pandemic is Mayor Katie Gallagher’s latest State of the Metropolis deal with. The Brooklyn Chamber of Commerce occasion was held earlier this month at TRG Multimedia.
Gallagher talked in regards to the varied investments in the neighborhood.
“In 2019, we had $55.7 million in business/residential building, which was a record-breaking 12 months for us,” Gallagher stated. “There was $2.5 million spent on building and preventative work and $four.7 million in capital investments. That’s a 74 % improve from the earlier 12 months.”
Gallagher famous companies that opened doorways in Brooklyn final 12 months included Menards, Cleveland Clinic Specific, TAP Packaging, Elevating Cane’s, IBEW Medical and TRG Multimedia.
In 2019, Brooklyn obtained $27.eight million in income whereas spending $23.6 million in expenditures. This left the town on the finish of the 12 months with a $16.5 million basic fund steadiness, in addition to $three.6 million in its finances stabilization fund and $5.2 million in an financial growth fund.
“We had a 21 % improve in income; 15 % of that was due to earnings taxes,” Gallagher stated. “Due to how properly we did with income, which exceeded what we initially budgeted for, we have been capable of switch $2.9 million into the financial growth fund.
“That can assist be certain that our incentive agreements that we’ve established with locations like Medical Mutual of Ohio and TRG will probably be absolutely funded till no less than 2025.”
The financial growth fund is tied to the town ensuring historical past doesn’t repeat itself with one firm, akin to American Greetings, representing a major quantity of the town’s earnings tax income.
“We wish to ensure that we diversify our enterprise tax base,” Gallagher stated. “Proper now, Key Financial institution is 38 % of our employment right here in Brooklyn, so if one thing have been to occur, that interprets to Brooklyn. We’re ensuring we are able to proceed to usher in new companies.”
When it comes to house values, Gallagher touted the town’s 49 % improve from $76,750 in 2014 to the present $114,000 median house worth.
“The flip aspect is how a lot our property taxes have elevated over the past decade, which is almost 40 %,” Gallagher stated. “It’s one thing we have to look ahead to the long run, as a result of we nonetheless wish to appeal to residents to purchase right here.
“We don’t wish to be often known as a metropolis that over-taxes its property house owners or our business tax base. It’s a factor we needs to be cognizant about watching to make sure our tax burden doesn’t proceed to go up.”
Gallagher stated the town over the following 12 months is planning to replace its web site and improve the usage of social media, whereas additionally making a model that includes wayfinding and signage.
The mayor ended the State of the Metropolis by noting that 2020 is gearing as much as be a 12 months of planning.
“A type of issues that’s going to be an enormous mission for me on this upcoming 12 months after the pandemic is constructing a police station/metropolis corridor,” Gallagher stated. “My hope was to interrupt floor subsequent 12 months, however there’s quite a lot of course of to that and quite a lot of issues we have now to plan for to make that occur.
“We’ve employed someone to do website assessments and take a look at various things you need to do on the preliminary finish.”
Learn extra information from the Parma Sun Post.