Peterson To Get 65% Tax Increase
Indianapolis Mayor Bart Peterson will likely get his increase in income taxes to pay for public safety. Republican City-County Councilors Scott Keller and Lance Langford say they both plan to vote to raise the income tax when it comes up for a vote later this month. That would give the Mayor at least 16 votes for the tax increase. Democrat Councilor Sherron Franklin is cool to the idea of raising taxes in the wake of recent property tax increases.
Both Keller and Langford say the despite the increase in property taxes, the city still needs to pay for public safety.
The two agree the state’s property tax system is broken and needs to be fixed, however the city still needs to meet its public safety commitments.
Should the city pass the $90 million tax increase, Keller says it will likely float tax anticipation loans to pay for more police, prosecutors and public defenders.
