Lake County Council opposes eliminating business tax

2014-01-14T17:30:00Z 2014-01-14T21:09:36Z Lake County Council opposes eliminating business taxBill Dolan, (219) 662-5328
January 14, 2014 5:30 pm  • 

CROWN POINT | The Lake County Council unanimously opposes a call by Gov. Mike Pence to eliminate the business personal property tax.

Republican and Democratic members of the council agreed Tuesday, in the form of a council resolution, that the governor's proposal would be a financial disaster for local government.

Lake County schools, cities, towns, townships and county government stand to lose an estimated $115 million in business-derived taxes if the governor's idea were enacted into law, said Larry Blanchard, a consultant for county commissioners.

Council members also said homeowners could expect a property tax increase of between $500 and $1,000 a year along with increases in the county's personal income tax and government user fees to keep essential government services going.

Councilman Dave Hamm, D-Hammond, said, "With the tax caps, business already has gotten a huge tax break. This would just give them another."

Councilman Dan Dernulc, R-Highland, said, "This would hurt our economy."

Councilman Eldon Strong, R-Crown Point, said he believes small businesses deserve a tax break, "but a blanket elimination is just ridiculous."

"I could never support that," Strong said.

Newly re-elected Council President Ted Bilski, D-Hobart, said the county's newly imposed income tax will bestow a generous property tax cut on Lake County businesses because business income is exempt from the new tax and businesses can share in the property tax reductions.

Copyright 2014 All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Follow The Times

Featured Businesses



Should struggling small school districts merge with their neighbors?

View Results