Give Now

Howard County Tax Revenue Down 17 Percent

Tax collections are down this year in Howard County due in large part to Chrysler's bankruptcy.

Tax collections are down this year in Howard County due in large part to Chrysler’s bankruptcy. Although Chrysler’s real estate taxes are considered secured debt, the $12 million Chrysler owes in personal property tax is not. However, Howard County Treasurer Marsha Lake said communities heavily affected by the car industry are getting some extra help from a provision in House bill 1001 the General Assembly passed in 2008.

“Taxes that are not paid by a transmission company would have the option to borrow from the State Rainy Day Fund,” Lake said. “We’re not the only community in Indiana that has a problem with delinquent taxes as far as the automotive industry is concerned.”

Lake said that if Chrysler were to take a loan from the state, the company would have ten years to pay it back. If the auto maker does not pay its owed taxes to the county, either by itself or through a loan, Lake says the deficit will have to be made up by county residents. For WFIU News, I’m Arianna Prothero.

Arianna Prothero

Arianna Prothero started at WFIU as a reporter in May of 2008. She is now the Interim Assistant Radio News Director and, along with her reporting duties, produces WFIU’s Noon Edition and anchors All Things Considered on Wednesdays, Thursdays, and Fridays. Arianna holds her bachelor’s degree from Indiana University in Political Science with a minor in Russian and Eastern European Studies.

View all posts by this author »

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Support For Indiana Public Media Comes From

Search News

Stay Connected

RSS e-mail itunes Facebook Twitter Flickr YouTube

Follow us on Twitter

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Recent Business & Economy Stories

Recent Videos

Find Us on Facebook