From IndyPolitics.Org:
As city officials look at what to in order to help close a budget shortfall, one possibility that is emerging is a phase out of the Homestead tax credit instead of its outright elimination.
Indianapolis is in the midst of bi-partisan hearings on the future of the tax credit. The Ballard Administration says an elimination of the credit would generate more than $8 million for the city and would not impact 80% of the residential property taxpayers.
However, opponents say it is a backdoor tax increase and would take money from schools.
One possibility would be a phase in which city officials say is a viable option, because it would help close Indianapolis’ budget gap but not hit taxpayers all at once.
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See the full article with audio recordings here:
http://www.indypolitics.org/post/51770763381
