From the Kokomo Tribune:
When Howard County officials suggested the city of Kokomo was attempting a property tax increase earlier this month, the statement drew a reaction from City Hall.
The resulting blow up, which happened largely behind the scenes, was just another indication of the tension between city and county officials in the wake of two major annexations.
The reality of next year’s city budget, set by the Kokomo Common Council at $58.9 million, is that it depends on revenue from 12 square miles of newly annexed Howard County.
But Howard County government is losing revenue directly because of the annexation. The county’s share of local income tax revenue will shrink, and property tax caps — which also affect the city’s revenues — will further reduce what the county receives.
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See the full article here:
http://kokomotribune.com/columns/x905915116/SMITH-City-county-squabbling-won-t-end-any-time-soon
