(Statehouse) April 29, 2007- Late tonight, State Representative Jerry Torr (R-Carmel) and the Indiana General Assembly completed the 2007 legislative session. The House spent the final day of session working on the final version of the state's biennial budget. The budget spends too much money and does not provide immediate property tax relief for Hoosier homeowners. Without Torr's support, the budget passed out of the House with 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.
"Property taxes are expected to rise by an average of 24 percent," said Torr. "The House Democrats came up with a hair-brained idea to make people pay these huge increases now and then send them a 'rebate' check in six months. I just couldn't vote for a budget that didn't provide immediate property tax relief."
For more information, please contact State Representative Jerry Torr at the Statehouse, 200 W. Washington St., Room 401, Indianapolis, IN 46204, 1-800-382-9841, email@example.com.