House leader eyes income tax cut amid rosy fiscal forecast
Indiana House Speaker Todd Huston says the state’s burgeoning surplus, forecast to grow to $5.1 billion by the end of June, gives him even more reason to pursue tax cuts.
Property taxes
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State lawmakers eye business tax cuts
House Republican leaders want to reduce the personal property taxes businesses pay on equipment, claiming it is one of the last tax obstacles in recruiting new businesses and spurring growth for businesses already here.
White House gives Indiana C- in state-by-state infrastructure report
The Biden White House is amplifying the push for its $2.3 trillion infrastructure package with the release of state-by-state breakdowns that show the dire shape of roads, bridges, the power grid and housing affordability.
Lawmakers weigh freezing property assessments after successful appeals
Indiana lawmakers are considering legislation that would freeze property tax assessments for four years when a property owner wins an appeal.
Ambrose requests tax break for redevelopment of former Navistar site
The Indianapolis-based developer plans to break ground later this year on the building—its first at the 93-acre site that on the east side Ambrose has branded Indianapolis Central Logistics Park.
Methodist Hospital expansion exposes tax tensions
The redevelopment will exacerbate a challenge already weighing on Marion County: huge swaths of land off the tax rolls because they are owned by not-for-profits and are being used for purposes related to the groups’ missions.
Washington Township school referendums appear headed toward approval
Meanwhile, the final results of Beech Grove City Schools’ referendums were still being counted Tuesday night, but voters looked to be on the way to approving the $22.4 million funding request.
Washington Township Schools referendums meet opposition from GOP heavyweight
Al Hubbard, who served in the White House under the George H.W. Bush and the George W. Bush administrations, is backing a campaign to defeat referendums that seek to raise $285 million for construction projects and $16 million for operating expenses.
Are local governments ready for the storm clouds brewing? At least they have time to plan.
City and county officials are grappling with the sacrifices they’ll have to make as plummeting employment, delayed collections and reduced economic activity cut into tax revenue.
Special prosecutor finds insufficient evidence in Hamilton County nepotism, harassment allegations
A special prosecutor started investigating former Deputy Treasurer Susan Byer’s claims five months after she filed a November 2018 lawsuit alleging the office allowed county employees to waive penalties on late property-tax payments for themselves and family members.
Indiana districts see mixed results on 13 school referendum requests
Voters across Indiana, weighing school referendum requests from 10 districts in Tuesday’s elections, approved seven measures and turned down six others.
Council committee approves TIF designation for Twin Aire site
A City-County Council Committee on Monday recommended approval of a new tax-increment financing district for the Twin Aire neighborhood, which could lead to development opportunities in an area that will soon be home to the city’s new criminal justice complex.
Ten Indiana school districts set to ask voters to approve tax increases
Here’s a roundup of all of the state school districts that will put a tax increase on the ballot in November, including a couple of school districts with both construction and operational referendums.
UPDATE: Marion County reschedules canceled tax sale for early 2020
The sale was scheduled to take place Thursday and Friday but a clerical error forced the Treasurer’s Office to cancel the event. Nearly 1,200 parcels with minimum bids totaling some $6 million were to be auctioned and will now be available at the rescheduled sale in February—unless the owners pay their delinquent taxes.
Developer of $66M apartment project downtown requesting $9.8M in TIF bonds
Under a proposed deal, the Boston-based developer of the 11-story project would receive a portion of the increase in property tax revenue generated by the project in order to pay off the bonds.
Indiana lawmakers considering property tax amnesty period
The bill approved 48-0 by the Indiana Senate would allow counties to waive penalties and interest if overdue taxes are paid by May 2020.
Planned Home Place ‘improvements’ in eye of beholder
Two square miles of Hamilton County where residents for years resisted becoming part of Carmel, despite being surrounded by it, are soon to become much more Carmel-like.
UPDATE: Indianapolis Public Schools again scales back referendum to win chamber support
The new proposal—which comes after a week of intense negotiations between the district and the chamber—passed 5-0 at a meeting Tuesday night.
Huge surpluses have dried up for downtown tax increment financing district
Tens of millions in spending, along with unforeseen events, have drained the TIF’s unrestricted cash balance—money left to fund extra projects after covering debt and reserves.
Law kicking in July 1 puts backers of $3M downtown fund on hot seat
Suddenly, Downtown Indy’s quest to create an economic improvement district in the Mile Square faces a major new obstacle.