Sunday, April 29, 2012

Kokomo Tribune Calls for the Center Township Trustee to Forego Tax Levy Due to Surplus

From the Kokomo Tribune:


According to The (Auburn, Ind.) Star, Union Township Trustee Craig Bassett said he intends to give the taxpayers a break due to sizable surpluses and changes to state law.
“Now, we can lower or zero our tax levy for a fund without being locked into that levy forever,” Bassett said, estimating he’d accumulated enough money to run the township for five years with no revenue.
We wonder if that attitude will rub off here in Kokomo, where Center Township Trustee Jean Lushin was carrying a $6.3 million balance at the end of 2010.
That same year, Lushin spent $1.96 million, meaning he had more than three years worth of township spending in the bank at that point.