Governor acknowledges the economy has been taking a toll on state government and the lives of many Indiana residents.
The Indiana House approved legislation aimed at putting caps on property tax bills into the state constitution and also a bill that would tighten lobbying and ethics rules.
A final vote on the legislation is expected Monday. If the House and Senate pass the same resolution this session, voters
would decide in November whether to put the tax limits into the constitution.
What changed over the last year to make House Democrats so eager to allow Hoosier voters to amend the property-tax caps
into the Indiana Constitution? The calendar.
Indianapolis property tax bills, paid in two installments due in May and November, should be sent without delay for the first year since
About the only certainty for the upcoming legislative session is that it will be over in March.
A group of mayors led by Tom Henry of Fort Wayne and Greg Ballard of Indianapolis is seeking new sources of revenue to replace
the millions they’ll lose because of property tax caps.
The Indiana Senate Tax and Fiscal Policy Committee plans to vote Tuesday on bills to cap property taxes and delay unemployment
insurance tax increases.
The association representing 470 cities and towns wants lawmakers to pass legislation that would give municipalities the authority
to adopt local option income taxes.
Property owners in Indiana are expected to save more on their tax bills in the next two years than originally predicted
because of caps on property taxes.
Soaring property taxes were arguably Indiana’s biggest problem in 2007. In 2008, the Legislature approved property tax caps
as a solution. But because the caps haven’t been implemented, debate is still raging over the consequences the caps will have
for local governments and whether they should be made permanent.
Property tax reform is now Indiana law. Hoosier homeowners are thrilled. But many corporate leaders grumble the historic deal was brokered on the backs of business. Topping their concerns is the new 3-percent property tax cap for commercial and industrial properties, which they fear will slow business expansions and discourage companies from moving headquarters to the state.