DANIELS TO ANNOUNCE TAX REFORM TOMORROW AT SIX
Indiana Governor Mitch Daniels will announce tomorrow his plan for property tax reform. Daniels will make the announcement at 6 p.m. for broadcast and over the Internet. No one in the Governor’s office is commenting, but from what I’ve been able to gather Daniels will not call for the elimination of property taxes, particularly residential but he does plan to get them as low as possible, including hard caps on spending.
Sources say the first thing Daniels did was try to look at eliminating property taxes but no formula worked to actually do it. In the past Daniels has said a constitutional element will be needed to address the tax crisis and that is expected to be included in the proposal announced tomorrow night. My sources around the Capitol tell me to expect a school and assessor component to the plan. They also say the plan will be “very specific” in addressing the tax issue and will include replacement taxes (i.e. sales or income) to help provide permanent tax relief.
One source who has seen the plan, and who has always wanted to eliminate property taxes says “it’s a plan I can definitely live with it.”
