City might need more of your pay, study finds

City might need more of your pay, study finds | IndyStar.com:

"The study suggests expenditures will outpace revenues by $126 million by 2010. Unless city officials act, the report said, the result could be enormous property tax increases that will have a negative effect on business and the entire city.
The challenges the report identifies include the rapidly rising cost of public safety and child welfare, the elimination of the inventory tax, diminishing fund balances and a state law that limits property tax increases.
Potential solutions include a regional sales tax, privatization of the jail, fire consolidation, nonresident income taxes, garbage fee increases, and more food and beverage taxes."