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Fall River police comp time overused, millions in unfunded liability


FALL RIVER The Fall River Police Department has more than $3.2 million in unfunded liability in police officers comp time, due to years of collective bargaining agreements and past practice obligations   often during some of the city s fiscally leanest times.
And according to a recently completed outside audit by a Boston-based police consulting firm, nearly $1.48 million accounts for time owed to police personnel that exceeds a federally mandated cap of 480 hours of accumulated comp time per officer. 
Those findings were the focus of a report completed and submitted to Mayor Paul Coogan and Fall River Police Chief Jeffrey Cardoza last month. It will be presented to the City Council on June 22, and the report was authored by The Edward Davis Company, owned by former Boston police commissioner by the same name.  ....

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Purchasing an Ohio Business: Traps for the Unwary | Buckingham, Doolittle & Burroughs, LLC


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Most business acquisitions are structured as purchases of assets in order to insulate the buyer from exposure to the liabilities of the seller. While that is generally an effective strategy, there are exceptions and nuances that are explored in this article relative to the purchase of a business located in the State of Ohio.[2]
Sales Tax
Ohio, like most States, imposes a sales tax, with certain exceptions, upon retail sales made in this State.[3] Although it is the buyer of an item subject to sales tax that is obligated to pay the tax, it is the seller, assuming that it has nexus with Ohio, that must collect the tax on the sale and remit it to the State.[4] The Ohio sales tax rate is 5.75%, and the Counties on behalf of themselves and other governmental organizations, can add additional so-called piggy back taxes increasing the tax rate.[5] The piggy back sales tax rate in Cuyahoga County, for example, is 2.7 ....

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