Sunday, February 10, 2013

IBJ Reports Legislature Looks to Sunset Indianapolis' Tax Hikes


From the Indianapolis Business Journal:

Republican Mayor Greg Ballard’s counsel, Joe Loftus, found himself in the unusual position of opposing legislation offered by a member of the party’s Marion County delegation.

Loftus appeared before the Indiana Senate’s Tax and Fiscal Policy Committee on Feb. 5 to testify against Senate Bill 90, which would put an end to recent car-rental and ticket-tax hikes in 2023.
                               
Sen. Mike Young, R-Indianapolis, introduced the bill because he says the tax hikes, promoted by Ballard and approved last month in a bipartisan vote of the City-County Council, are not going toward the purpose intended in the 2009 legislation that enabled them.

Some of the new excise and ticket revenue will go to the city’s general fund for public safety. Young said the intent of the 2009 legislation was to ensure the Capital Improvement Board could repay the $18 million it borrowed from the state that year.
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http://www.ibj.com/article?articleId=39505