Latest on Potential Tax Hike in Fort Wayne
From Wane.com – Right now, Allen County’s income tax sits at 1%. The plan proposed by the City would raise it to 1.5%. City Councilmen Russ Jehl and Mitch Harper oppose the plan. At last week’s meeting they said there are other options available to the City besides raising taxes. Jehl and Harper said the city can reduce spending by $6.4 million, we’ll have $2.7 million more in the bank thanks to expiring debt obligations, and we already have more than $6 million banked due to increasing property values.
If the City raises the tax, Jehl and Harper said the average family will have to pay $200 more a year…
City Council will make the final vote on Tuesday, July 2, 2013.
Read more at Wane.com.