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Indy's budget battle continues

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COURTESY OF  THE GREEN FIELD BLOG VIA FLICKR CREATIVE COMMONS
  • Courtesy of The Green Field Blog via Flickr Creative Commons
The battle between Mayor Greg Ballard and the City-County Council continues over how best to balance the budget. Ballard had hoped to raise revenue to help balance Indy's budget by eliminating the homestead tax credit. But, in an 18-11 vote Monday night, the council rejected the proposal. "Eliminating the Homestead Tax Credit is the equivalent of a tax increase that will hurt those who can least afford it - retirees and families," Council President Maggie Lewis said in a statement issued following the vote. Mayor Ballard responded with his own issued statement: " City-County Council leaders tonight failed to back up their rhetoric about providing more funding to our police and fire departments." The council also rejected a proposed economic development tax for Fountain Square.

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