Some Democratic lawmakers see a vote on property tax caps as a gamble between following their conscience or continuing their political career.
The City of Kokomo's budget could be crippled if it does not include almost $6 million in property tax revenue which would have been paid by Chrysler.
The Bartholomew County Council must consider many new taxes all at once as an end-of-the-summer deadline approaches.
As a proposal to speed up enactment of property tax caps in Indiana heads for a Statehouse conference committee, Bloomington's mayor said he's skeptical of the amendment. Still, Democrat Mark Kruzan appears to be siding with some of his political opponents.
In a year in which record flooding also strapped the finances of local governments, a change to statewide property tax caps had an unintended consequence – less money to municipalities. As Hoosiers saw their sales taxes go up and their property taxes go down, cities and towns saw only the need for even more belt-tightening than a sagging economy already mandated.
A proposal passed by a House committee last week would speed up implementation of property tax caps in Indiana. The provision purports to save property owners $200 million this year. But, as WFIU's Stan Jastrzebski reports, mayors of cities where those homeowners live are not as enthusiastic...
A speed-up in the implementation of property tax caps could cost the city of Kokomo $2 million if the amendment containing the new language becomes law.