From the Northwest Indiana Times:
Gov. Mike Pence's proposal to eliminate the business personal property tax has received a frosty reception from the top elected officials in LaPorte County.
The three LaPorte County commissioners last week unanimously approved a resolution condemning the tax cut plan and warning county services would be dramatically reduced if it is enacted without a sufficient replacement for lost revenue.
"Our manufacturing climate is already attractive to new business, and we believe other amenities are just as important in inducing new business and retaining existing business," they said.
"Schools, county and city government in our county cannot afford the loss of revenue that elimination of the business personal property tax would entail."
Estimates of how much money LaPorte County governments could lose were not available from the state Monday due to the county's long-delayed property tax collections.
In 2012, business personal property tax revenue totaled $1.04 billion statewide, including $109 million in Lake County (17.5 percent of county property tax revenue) and $25 million in Porter County (13.4 percent).
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http://www.nwitimes.com/news/local/laporte/laporte-county-board-opposes-pence-tax-cut-plan/article_072e19d2-255b-53b4-935d-e226c40df20f.html
