TITLE

INDIANA: Gary Wins Reprieve

AUTHOR(S)
Shields, Yvette
PUB. DATE
May 2009
SOURCE
Bond Buyer;5/27/2009, Vol. 368 Issue 33121, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the success of the struggling city of Gary, Indiana to win a partial reprieve from state-imposed property tax capitals. The rule allows the city's property taxes to be covered at 1.5% of home's assessed value and 3.5% for business properties, then 1% and 3%, respectively in 2010. The city projects that it would lose about half of its property tax collections due to the new capitals.
ACCESSION #
41045693

 

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