DeLaney concerned about latest Republican property tax proposal

Today, Monday, April 7, the House Committee on Ways and Means discussed the latest version of the Republican property tax plan. 

State Rep. Ed DeLaney (D-Indianapolis) released the following statement: 

“If the attempt was to thread the needle, we have stabbed ourselves in the thumb. Senate Bill 1 offers very little relief to individual taxpayers while leaving local governments in potential chaos. 

“The precise fiscal impact of this version of the bill has not been released. House Republicans in Ways and Means decided to move full steam ahead.

“This latest proposal seems to do little to address the damage these funding cuts may do to public schools, police departments, fire services, road funding and other local services. The constraints will be the greatest on growing communities. There will also be a shift in financial burden from manufacturing to retail operations. 

“This is one of the reasons that I have serious questions on what this bill will do to our ability to meet our current bond obligation and obtain bonds at reasonable rates in the future.”