(Statehouse) April 29, 2007- Late tonight, State Representative Bob Cherry (R-Greenfield) completed his first legislative session. The House spent the final day of session working on the final version of the state's biennial budget. Cherry voted against the resulting budget that passed the House by a party-line vote of 51-49.
The most immediately crucial issue to be addressed before today's adjournment was property tax relief. Legislators have studied the upcoming property tax cycle and discovered that trending values, reduced replacement credits, increased local property investment, and the final stage of the inventory tax elimination will combine to negatively affect Hoosier property owners this year.
"I voted against the budget because it did not provide enough property tax relief or immediate property tax relief for homeowners who are facing increases of nearly 24 percent this year," said Cherry. "The budget would have forced homeowners to pay these high property tax bills and then send them relief in the form of a rebate check in late fall. We could have provided immediate relief for this round of property tax bills, but instead, these people will have to wait until fall to get relief. These rebate checks will also cost money for the counties to send out. If the homeowners have a mortgage, the check will probably go to the mortgage carrier. It is just bad public policy.
"This budget relied too much on property taxes without looking for other revenue sources. Additionally, the budget did not cut spending. It was balanced, but we could have done more for Hoosier taxpayers."
For more information, please contact State Representative Bob Cherry at the Statehouse, 200 W. Washington St., Room 401, Indianapolis, IN 46204, 1-800-382-9841, firstname.lastname@example.org.