taxes

State Tax Revenues Continue Slump In November

Dec 11, 2017

 

Indiana tax revenues continued their slump last month as the state nears the halfway point of its current fiscal year.

Indiana took in $13 million less in taxes than expected in November, which puts the state nearly $150 million below target through five months of the fiscal year.

The state has yet to exceed expectations for a single month in that period.

Allen County Health

Fort Wayne City Council unanimously approved changes to the city’s tax abatement policy during its weekly meeting Tuesday night.

Zach Bernard/WBOI News

Fort Wayne City Council approved a 0.13 percent increase to the local income tax rate Tuesday night, creating a revenue stream that will help pay for riverfront development and sidewalk and alley repairs.

Lisa Ryan, WBOI News

The Fort Wayne City Council held a public hearing Tuesday to allow people to voice their opinions on whether to raise the county income tax rate. The majority of people who spoke at the hearing were in favor.

Fort Wayne’s Board of Park Commissioners discussed riverfront development during a meeting Thursday. The project might be partially funded by an income tax increase, if City Council approves the plan.

Pages