FORT WAYNE, Ind. (Indiana’s NewsCenter) - According to Councilwoman Karen Goldner, there is no reason to raise taxes for 2012.
Goldner proposes to balance the city budget by using cash reserves instead of raising taxes.
This would keep the property tax levy at $106-million.
Goldner claims that doing this will protect Fort Wayne tax payers.
Goldner says, “Rather than raise the property tax levy to the maximum amount allowed by Indiana Law, we would take the difference of what we're getting for 2011, and what we would need to balance the budget, out of our cash reserves, which is about $3 million on a $134 million budget.”
Mayor Tom Henry endorses this proposal.
Golder says she plans to bring it to council over the next couple weeks.
What are your thoughts CLICK HERE to leave us a "QUESTION OF THE DAY” comment.
© Copyright 2015, A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.