Page 3 of 27 May 2015 Issue of Call And Post in Cleveland, Ohio

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Call and Post (Newspaper) - May 27, 2015, Cleveland, Ohio the Call and Post wednesday May 27, 2015\ Page 3a this week the Black Community suffered a sucker punch with judge of Donnell finding Michael Brelo not guilty. Cleveland made National news in november of 2012 when 13 officers shot 137 times into a car and killed Timothy Russell and Malissa Williams. Even with Cleveland being on the upswing with the Republican National convention coming Here in 2016 and downtown Public Square being remodeler the non violent protest did not bum the City up. The City suffered this during the Hough riots and paid dearly so Many years afterwards. Cities operate under an annual balanced budget requirement which requires that they actively consider adjustments to their fiscal Powers both revenues and expenditures Over the course of the fiscal year. Overall increases in ending balances and tax collections along with gradual economic recovery and the centrality of cities in our nations Economy Bode Well for future fiscal growth although full recovery remains to be seen. Many believe a lot of attention is Given to the downtown area Only. The fiscal condition of individual cities varies greatly depending on differences in local tax Structure and Revenue Reliance. While nearly All cities have Access to a local property tax More than half Are also reliant upon local sales taxes and about 15 percent Are reliant upon local income or wage taxes. Understanding the differing performance of these tax sources and the connections to broader economic conditions helps explain the forces driving City revenues. Local property tax revenues Are driven primarily by the value of residential and commercial property with property tax Bills determined by local governments assessment of the value of property. Property tax collections lag the real estate Market because local assessment practices take time to catch up with changes. As a result current property tax Bills and property tax collections typically reflect values of property anywhere from 18 months to several years prior to their collection. Despite More stable real estate markets in most parts of the country property tax revenues remained fairly Flat decreasing by 0.4 percent in 2013 compared with 2012 in constant dollars. The first anticipated increase in property tax collections is projected for 2014 at a rate of 1.6 percent Over 2013. Various neighbourhoods seem to decline with property taxes due to Homes not being taken care of with property value going Down so does the area. The once Beautiful East Cleveland is just one of Many areas who suffered from this Type of situation. As a Young Man i used to catch the bus out to East Cleveland and it was such a Nice Well kept place to live and work. Changes in economic conditions Are also reflected in City sales tax collections. When con Sumer Confidence is High people spend More on tax Able goods and services City governments with sales tax authority reap the benefits through increases in sales tax collections for much of the past decade consumer spend ing was also fuelled by Strong real estate Market that provided additional wealth to homeowners the struggling Economy and the declining real estate Market reduced con Sumer Confidence result ing in less consumer spending and declining sales tax revenues. Local income tax revenues Are driven primarily by income and wages and with employment improving in 2013-14, City finance officers report year Over year growth of 4.3 percent for 2013. For 2014, income tax revenues Are projected to remain fairly Flat with 0.6 percent growth. Looking at 2015 and beyond local sources of Revenue will Likely continue their slow growth As the Economy recovers however the projected Lack of growth in 2014 general fund revenues indicates that external fac tors Are at play and have the potential to undermine finance officers cautiously optimistic Outlook. Since the mid-1990�?Ts, irrespective of economic conditions the percentage of City finance officers reporting increases in property taxes in any Given year has been reported at about this same level reflecting state and voter imposed restrictions on local property tax authority As Well As the political challenges of raising property tax rates. Increases in sales income or other taxes Are even less common As continued to be the Case in 2014. One Way that cities prepare for economic downturns is to maintain adequate Levels of general fund ending balances. Ending balances Are similar to reserves or what might be thought of As cities equivalents to Rainy Day funds in that they provide a financial Cushion for cities in the event of a fiscal downturn or the need for an unforeseen outlay. City ending balances which Are transferred Forward to the next fiscal year in most cases Are maintained for Many reasons. For example cities build up healthy balances in anticipation of unpredictable events such As natural disasters and economic downturns. But ending balances Are also built up deliberately much like a personal savings account to set aside funds for planned events such As construction of capital projects. Cleveland stay Strong and always mind your business to keep the City financially stable. Follow me on twit ter a i my Wadei i i or tips from Latoya Smith a hmm fifth third Bank . I people have been asking me a is the . Theory still relevant a the answer is a resounding there Are Many authors like Keith r. Wyche Harvey Coleman and Daniel Porot who have shared their thoughts on the . Theory As the three keys to Success performance image and exposure. Further explanation is performance your performance counts for 10 percent toward your Success. Performance is your Day to Day work responsibilities contributing to your role with excellence daily. Image your image counts for 30 percent towards your Success. When you walk out of the room what Are people saying about you this is where your personal Brand makes a major Impact to determine what others feel is their perception of your image. Exposure your exposure counts for a whopping 60 percent toward your Success. Do key decision makers know what you do personally and professionally do you take the initiative at work Are you the first to raise your hand for stretch assignments does your Boss know what you do i first heard about the . Theory in the beginning of my career from a former Mentor Don Graham. He shared this theory with a group of Bankers at a conference. I was intrigued by what he was sharing which led me to the local author Keith r. Wyche who wrote the Book Good is not enough. The Book talked about the theory and How to apply it in ones career. I can report that in be used the theory successfully and it has worked in my favor. I have been promoted several times by using this Model. Here Are some tips to consider when applying this theory performance you have to do your Best work in your current role. Many people Are so eager to get to the next position that they forget that they have to perform Well in their current role before they can move to the next one. You need to be meeting or exceeding expectations in your current role. Continually ask for feedback and make improvement adjustments. Additionally make sure you Are open for the feedback that is Given to you. Image its very important to have positive professional image. You want people to think highly of you personally and professionally. Its hard to overcome negative perceptions but not impossible. If you Are struggling in this area seek help from a Mentor or coach but the work is up to you to change it. If you walk out of a room and people can share positive things about your character and work ethic then you Are on the right track. Remember perception is reality. Exposure its Okay to Tell people the great things you Are doing. I am very Active in the Community and i do it for personal gratification and not for any Type of accolades. Its important to share with your Boss and leaders in your organization the Good things you re doing in your civic engagements. This will help them to learn More about your character and to be Able to support your endeavours. Additionally another Way of getting exposure is by raising your hand when your organization needs volunteers for other assignments Community service etc., this gives you More visibility. If you want a piece of the pie you have to apply the . Theory and watch what happens in your career journey. The Success of your career is in your hands. You have to work your plan and plan your work. Latoya Smith Phr Sham up assistant vice president Talent acquisition team Lead human resources fifth third Bank Latoya is actively involved in the Community serving on the boards of the United Black fund of greater Cleveland and tric Coop advisory. She volunteers with Al Barrio Job readiness program dress for Success and youth opportunities unlimited. Latoya is the recipient of Kaleidoscope magazines forty forty club who a who in Black Cleveland Verizon everyday heroes award outstanding link Mentor award and was a Crains Cleveland business or Leader finalist. Fifth third Bank. Member Odic. Equal Opportunity employer. Forties held amp a cml Cli la nmn Tith 216 696-7170 George l. Forbes Helen Forbes Fields Darrell a. Fields Scott h. Schooler for All your Legal needs 700 Rockefeller building 614 w. Superior Avenue Cleveland Ohio 44113-1318 a personal injury a probate a medical malpractice a real estate a wrongful death a bankruptcy a employment issues a criminal a discrimination a Ovi dui a Domestic relations a business creation a development and operation Telephone 216-696-7170 Tel copier 216-696-8076 Mumm

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