What have we learned about the property tax caps?

Professor Larry DeBoer
Purdue University, Agricultural Economics

When: Monday, October 24, 2011 from 1:30 to 4:00 EDT / 12:30 to 3:00pm CDT

Where: This program will be delivered via video streaming and can be viewed at the Crawfordsville District Public Library, meeting room C.
The program can also be viewed live online via a personal computer. Contact Ed Sheldon at 765-364-6363 or ejsheldo@purdue.edu for URL.

Who Should Attend: All individuals involved in county and local government budgeting (county councils and commissioners, mayors and city councils, town boards, school boards, library boards, townships, etc.)

Cost and Registration: The workshop is free, but pre-registration is appreciated. To register, contact the Montgomery County Extension Office by phone at 765-364-6363 or email ejsheldo@purdue.edu Please say you are registering for the "Local Government Finance" program. Please register by noon, Friday, October 21, 2011.

Why: Voters put the new property tax caps into the state Constitution in November 2010, but Indiana local governments have been operating under the caps since 2009. Professor Larry DeBoer will look at what this experience has taught us about the workings of the tax caps in our system of local government taxes and budgets. Which taxpayers receive the bulk of the tax cap credits? What determines the level of tax cap revenue losses for a local government? Is there any way to anticipate what tax cap revenue losses will be, before the budget year? What's the relationship between the tax caps and the local income taxes? Professor DeBoer will address these questions and more in this On Local Government webcast.