INDIANAPOLIS (Feb. 2, 2016) – The House of Representatives voted unanimously in support of State Rep. Todd Huston’s (R-Fishers) bill returning $550 million to local governments.
House Bill 1110 would immediately infuse $440 million into local government budgets free of restrictions to the counties and municipalities where the funds originated.
Huston said that these funds could be used by local governments to fund much-needed services, like maintaining and improving local infrastructure.
These funds were collected from the Local Option Income Tax Revenue and held in reserve by the state in trust accounts for each county. Huston said the bill makes a one-time payment and does not raise taxes or create new debt since the funds already exist in trust accounts.
“Local governments are the ones who best understand what their communities need,” Huston said. “Returning these funds would allow them to decide how to invest their money, without restrictions.”
House Bill 1110 now heads to the Senate for further consideration.
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Rep. Huston (R-Fishers) represents portions of Hamilton County.
