Mayor Calls For $18 Million Tax Cut
Indianapolis Mayor Greg Ballard is calling for a nearly $18 million cut in the County Option Income Tax over the next three years.
Accodring to a city spokesman the city no longer has to pay for police pensions and child welfare so it no longer has to levy taxes for those costs, thus the COIT reduction.
The Mayor will hold a news conference on Monday to discuss the rest of the details.
