The Wawascene was created by Dr. Mark Stock, former Superintendent of the Wawasee Community School Corporation. Due to its local popularity, Dr. Stock has left the blog site to future Wawasee administrators.

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Thursday, April 12, 2007

Indiana Senate OK's shift away from property tax

The Indiana Senate has approved a bill that would shift taxes away from property and over to income.

There are positives and negatives to such a switch - but in recent years the state legislature has pushed more and more funding responsibilities to local governments making the property tax increasingly unpopular.

Fort Wayne Journal Gazette article here.

1 comment:

Anonymous said...

As a public school educator, I think this has potentially huge impacts -- positive or negative -- since the funding source is not as reliable as property taxes.

One thing I do not like is that the shift does not allow for increases.

On the other hand, as a property owner, I am offended by the fact that I never really own my property because I must continually pay taxes on the old system.

And most importantly, I think this legislation only provides lip-service to tax reform because it doesn't really eliminate property taxes. Schools/localities will likely NOT choose to waiver from the status quo because of the financial stability it the net effect will be NO CHANGE.