First Public
Meeting of Bi-Partisan Homestead Tax Credit Commission Slated for May
29th
INDIANAPOLIS –The first public meeting of
the Homestead Tax Credit Commission is scheduled for May 29th at 6:00
p.m. at the Perry Township Educational Center. The bi-partisan study group was
created by Council Ordinance May 13th to evaluate the impact of the Local
Homestead Tax Credit on the city and property owners. Five additional public
hearings will be scheduled across the county through the end of June; the
Commission will submit its recommendation to the Council by July 15,
2013.
“This
commission provides a common-sense, bi-partisan approach to evaluating the
implications of the local homestead credit on future budget planning.” said
Mayor Greg Ballard.
“This
commission fulfills one of the action steps the Council and Mayor agreed to in
finalizing the 2013 budget,” said City-County Council President Maggie Lewis.
“It will provide the opportunity for councillors and our constituents to get a
better understanding about the Homestead Credit and the potential impact of
eliminating it on the financial being of all parties involved, including
homestead owners, the city-county government, townships, excluded cities,
schools, libraries, public transportation corporations and Marion County Health
and Hospital Corporation. We encourage all citizens to participate in this
community discussion.”
The 10-member
Commission is co-chaired by Jim Steele and Beth Henkel. The Commission also
comprises four City-County Councilors, a representative from the Metropolitan
Indianapolis Board of Realtors (MIBOR), a representative of civil government
units that receive property taxes, a County Commissioner and a designee of the
City Controller.
More
information about the Homestead Tax Credit Commission, its formation and
membership can be found here.
