(Statehouse) April 29, 2007- Late tonight, State Representative Larry Buell (R-Indianapolis) and the Indiana General Assembly completed the 2007 legislative session. The House spent the last day of session working on the final version of the state's biennial budget. Buell 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.
Buell sits on the House Ways and Means Committee where the biennial budget originates after undergoing months of hearings with state agencies, schools, universities, and legislative debate.
"With the help of the fiscal leaders in the Senate, we were able to pass an honestly balanced budget for the people of Indiana," said Buell. "Although the budget provides significant property tax relief, it does not provide enough for struggling Hoosier homeowners. I was shocked when I found out that property taxes were expected to increase an average of 24 percent statewide. We need to provide immediate relief for homeowners.
"Earlier this year, we had the opportunity to completely reform the property tax structure in this state," he continued. "Instead, we just covered up the problem with a band-aid. Next year, we will again attempt to tackle this issue and truly reform Indiana's broken property tax system."
For more information, please contact State Representative Larry Buell at the Statehouse, 200 W. Washington St., Room 401, Indianapolis, IN 46204, 1-800-382-9841, email@example.com.