Indy Tax Dollars: Bad news and more bad news...

Indy Tax Dollars: Bad news and more bad news...:

"With an additional $54 million planned for public safety spending, we're told, the recent murder spree demands another $12 million for 'new public safety initiatives.' After two weeks the mayor has yet to find the cash.

Further property tax increases are a no-no because of other factors involved. We're already borrowing to cover current expenses. Tentative solutions mentioned are less reliance on the property tax itself, and, of course, consolidation of all public safety operations in the county.

The recently adopted increase in the county-option income tax brought in 8% more revenues last year, but funds dedicated to use by the city fell by 4%. Part of the blame for the property tax mess is handed off to the assessors with late valuations."