Thursday, June 6, 2013

NWI Reports Porter County Plans "Optimistic" for Income Tax Revenue

From the Northwest Indiana Times:

The Porter County Commissioners are taking an optimistic view in planning for local income tax revenue next year, despite some recent declines in the funding.
The three-member board gave preliminary approval Tuesday to a spending plan that calls for a 35 percent increase in expected revenue to $4.875 million over each of the next four years.
Commissioner Nancy Adams, R-Center, said the figure was bumped up to be sure no revenue received is left unaccounted for.
The Porter County Council has called on the commissioners to provide more detailed explanations of how they intend to spend the income tax revenue.
Porter County Commissioner President John Evans, R-North, has defended the more general planning approach, saying the commissioners need to have funding available to them for emergency spending.
The newly proposed spending plan breaks the funding down into eight general categories for each of the next four years.
...
A consultant hired by the commissioners said last summer that local income tax revenue have declined significantly since 2009. Only recently has there been a modest increase in that funding.