Kokomo Tribune; Kokomo, Indiana

Breaking News

December 20, 2013

Terre Haute mayor pans business tax phase-out plan

Terre Haute — Gov. Mike Pence's proposal to phase out Indiana's business personal property tax already is drawing criticism from a fellow Republican.

Terre Haute Mayor Duke Bennett says Pence hasn't given any specifics on making up the $1 billion that the tax brings in statewide. The tax generates revenue for local governments, including about $5.5 million for Terre Haute. Nearly $7 million more goes to surrounding Vigo County, its schools and libraries.

After weathering $9 million in cuts because of property tax caps, Bennett tells WTHI-TV Terre Haute simply can't function if it suffers more revenue cuts.

Pence said Wednesday he's committed to working with members of the General Assembly to ensure that phasing the tax on equipment and machinery out doesn't create hardships for local communities.


Text Only | Photo Reprints
Breaking News
Latest news
Featured Ads
Only on our website
AP Video
SKorea Ferry Toll Hits 156, Search Gets Tougher Video Shows Possible Syrian Gas Attack Cubs Superfans Celebrate Wrigley's 100th Raw: Cattle Truck Overturns in Texas Admirers Flock to Dole During Kansas Homecoming Raw: Erupting Volcanoes in Guatemala and Peru Alibaba IPO Could Be Largest Ever for Tech Firm FBI Joining Probe of Suburban NY 'Swatting' Call U.S. Paratroopers in Poland, Amid Ukraine Crisis US Reviews Clemency for Certain Inmates Raw: Violence Erupts in Rio Near Olympic Venue Raw: Deadly Bombing in Egypt Raw: What's Inside a Commercial Jet Wheel Well Raw: Obama Arrives in Japan for State Visit Raw: Anti-Obama Activists Fight Manila Police Motels Near Disney Fighting Homeless Problem Michigan Man Sees Thanks to 'bionic Eye' S.C. Man Apologizes for Naked Walk in Wal-Mart Chief Mate: Crew Told to Escape After Passengers

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Kelly Lafferty's video on Tom Miller