Bosma Scaling Back
Indiana House Republicans may have to scale back some of their plans to provide Hoosiers with property tax relief. Speaker Brian Bosma told me this morning on Newstalk 1430, WXNT that because of the state’s recent budget shortfall, their plan to assume the child welfare portion of your property tax bill will have to be adjusted. House Ways and Means Chairman Jeff Espich said the child welfare portion of the tax bill would amount to an average five percent savings in tax bills. The state budget experts told lawmakers that revenues would come in about $70 million below estimates putting the end of year fiscal shortfall to $200 million. No word yet on whether Governor Daniels will use some of the $250 million collected from tax amnesty to offset the shortfall.
