Tri-Creek School Board opposes business personal property tax cut

2014-02-23T20:15:00Z 2014-02-23T23:36:33Z Tri-Creek School Board opposes business personal property tax cutMelanie Csepgia Times Correspondent
February 23, 2014 8:15 pm  • 

LOWELL | Tri-Creek School Board members want downstate legislators to know they oppose the elimination of the business personal property tax.

The board approved a resolution stating its disapproval of the proposal being pushed by the governor.

"In 2013, we had a $244,115 loss from the (property tax) circuit breaker. Add $58,701 for 2014," Superintendent Debra Howe said in her recommendation to the board.

That total of $302,816 in tax dollars would be increased by $101,000 in tax dollars lost should the business personal property tax be eliminated, she said.

Howe decried the fact Hoosier legislators are considering the measure without offering a way to make up the loss without putting it back on the people.

Tri-Creek Business Manager Dana Bogathy said, since learning the district's assessed valuation had been incorrectly computed by county officials, she has not yet had the chance to amend the circuit-breaker impact.

Bogathy said she is grateful to Lowell's consultant, who discovered the error that had reduced the district's assessed valuation by $43 million.

Howe said Tri-Creek joins other school corporations, including Duneland School Corp. and School City of East Chicago, in formally objecting to the business personal property tax elimination.

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