Terre Haute Mayor Duke Bennett says the city is looking for new ways to balance their budget. The city has lost over $24 million in projected property tax collections in the last four years.
“We originally thought we were going to lose half of that much money because of property tax caps and so we have done several budget cuts basically reducing our expenses over the years, but the problem is the losses have been greater that what we thought they were going to be,” Bennett says
Bennett says the city is looking at a trash fee and a food and beverage tax he hopes will get approved by the legislature this session.
The projected annual budget for this year is $70 million, a $5 million increase from last year’s budget. Terre Haute Councilman Norm Loudermilk says the budget does not represent an increase in expenditure.
“That doesn’t mean by any stretch we are going to spend that kind of money, remember that budgets are an estimate of what we intend to spend,” Loudermilk says.
Loudermilk says the city is in good shape though, with four straight excellent audits and most departments in the black.