CITY TAX REASSESSMENT AND PROPERTY TAX ISSUES
June 1, 2004
click here for the PowerPoint Document

 

 

 

Budget Adjustments for 2004-2005

$5,416,000 budget cuts for balance of 2004 (7.68% reduction).

$8,102,000 budget cuts for 2005 (11.49% reduction).

180 positions to be eliminated.

Police and Fire overtime to be paid with Casino Funds - $4 and $5 million in 2004 and 2005, respectfully.

 

 

Other Financial Steps

Encourage all taxing units to reduce their budgets by 7.5% and 11.5% in 2004 and 2005, respectfully - the same percentage cuts as the City of Gary.

Continue discussions with State Officials to allow the $53 Million USX Settlement to offset 2004 property tax levies instead of 2006.

 

  Ask the State (DLGF) to rectify the USX tax abatement on personal property.

All government units must aggressively pursue regionalism.
 

  Ask the State (DLGF) to rectify the USX tax abatement on personal property.

All government units must aggressively pursue regionalism.
 

 
Comparison of Net Tax Rates
 

 
Comparison of Net City Gary Tax Rates
 

 

 
CITY OF GARY – CALUMET TOWNSHIP 2003 Net Tax Rate
 

 
City of Gary
401 Broadway, Lower Level/B5
Gary, IN 46402
(219) 881-1384
Fax: (219) 881-1340
 

 

 

 

 


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