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Archive for 2007

State Has Surplus! Politicans Get Buckets for Rainy Day!

Monday, July 16th, 2007

Indiana State Auditor Tim Berry is reporting a surplus this morinng. Indiana took in more than $1 Billion than it spent. However, after meeting its statutory committments, Indiana actually has about $250 million in the bank. I can just see every elected official in Marion County getting their hands out saying the money should be […]

Council May Delay Vote on Tax Increase

Sunday, July 15th, 2007

The City-County Council may delay tomorrow’s committee vote on the Mayor’s proposed public safety tax increase. Council Vice President Joanne Sanders says there is a possibility the Administration and Finance Committee may delay voting for the 65-percent tax increase. Sanders says they discussed delaying the vote tonight. Sanders says there is a question as to […]

Gentlemen, Start Your Engines

Sunday, July 15th, 2007

I usually spend my Sunday mornings out of town in my other home with gourmet coffee and the talking head shows, today I was on Monument Circle watching at least 1000 protestors get mad about their tax bills. There was nothing really new said, but for me the big question is will this actually matter? […]

Bauer Repsonds to Daniels’ Proposals

Saturday, July 14th, 2007

House Speaker Pat Bauer is giving a cautious reception to the Governor’s tax ideas. Bauer reiterated his position that local governments should use the tools given to them by the legislature and he worries that they won’t under Daniels’ ideas. Bauer also says tax relief should go to citizens and not to local governments. He […]

Governor Offers More Suggestions for Property Tax Relief

Saturday, July 14th, 2007

Indiana Governor Mitch Daniels is offering more ideas to provide property tax relief for Hoosiers. In a letter to state lawmakers this morning the Governor is proposing “local circuit breakers” which would allow counties to use their share of the $300 million in tax relief to offset the increase in tax bills. In addition, Daniels […]

How’s This For an Idea?

Friday, July 13th, 2007

Since no one is talking about cutting spending in this age of income and property tax increases, I have a thought. How about a seven percent cut in across the board spending for all Marion County governments? By my quick guestimate, these local governments are spending about $1.4 billion of your money this year. A […]

You Call This a Plan?

Thursday, July 12th, 2007

Indianapolis Mayor Bart Peterson is offering his plan for tax relief, borrow $75 million. It makes sense for the Mayor to offer this. We borrowed more than $450 million to pay for police pensions. And we borrowed $100 million to pay for pensions back in 2004. Borrowing is no way to solve your money problems. […]

Mayor Responds

Thursday, July 12th, 2007

Mayor Bart Peterson’s office is responding to whether they will take advantage of local option income tax to offset property tax increases. Deputy Mayor Steve Campbell says “Never say never and there are some options, but our stance is why use another tax increase to fix what the State can fix WITHOUT a tax increase?”

The Saga Continues…

Thursday, July 12th, 2007

There’s more news this morning about taxes and special sessions. State Budget Director Chris Rule says about 10 percent of the property in Marion County might be subject to reassessment, as opposed to all property owners. Also, one big hang up to a special session might be a lack of trust between House Speake Pat […]

Daniels May Order Marion County Reassessment

Wednesday, July 11th, 2007

Indiana Governor Mitch Daniels may order a reassessment of property in Marion County. State law gives the Governor the authority to do so. Budget Director Ryan Kitchell says the Administration just received, after weeks of waiting, information concerning land parcel level data concerning Marion County properties. Kitchell says depending on what it shows, the Governor […]