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Monroe County is projected to earn about $37 million less in revenue over the next three years.
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Gov. Mike Braun said he’ll sign the bill. He called it “historic” property tax relief that makes the system “fairer, more transparent, and easier to understand.”
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The most up-to-date fiscal analysis of the measure reports — compared to our current system — local governments will lose out on nearly $1.8 billion over the next three years.
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The House GOP adopted changes to make further cuts to local government funding in an attempt to send more to property owners.
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Indiana’s property taxes will return to the spotlight next week, with key lawmakers refining their message Thursday.
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The rally featured the lieutenant governor, state lawmakers and local officials. The event was led by conservative local radio hosts who repeatedly called on the crowd to vote out lawmakers who didn’t back significant relief.
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The current version of SB 1, the Senate Republicans’ version, is focused on relief for older Hoosiers, disabled veterans and first-time homebuyers.
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A financial consulting group recommends Monroe County wait on increasing sheriff’s deputy salaries.
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Gov. Mike Braun said he’ll veto major property tax reform legislation if it doesn’t “improve” as the session continues.
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The House GOP’s budget proposal would allocate more money toward schools while eliminating income requirements for the state’s school voucher program.