Property Tax Rollback Is Good for Taxpayers

Property Tax Rollback Is Good for Taxpayers
August 6, 2007

Steve Stanek

Steve Stanek (sstanek@heartland.org) is a research fellow at The Heartland Institute and managing... (read full bio)

If Indianapolis has $52 million less revenue because of Gov. Mitch Daniels’ order to roll back property tax collections to 2006 levels [“$52M tax hit in Indy now, an aftertaste to follow?” Aug. 1], taxpayers have $52 million more of their own money to spend and invest. That’s a good thing, regardless of what local officials say.

Daniels issued the order because of skyrocketing property tax bills. The only cause of skyrocketing tax bills is skyrocketing spending. A $52 million cut from a budget of $1 billion is a drop in the bucket, but it is a good start toward more responsible fiscal management.


Steve Stanek (stanek@heartland.org) is a research fellow at The Heartland Institute.

Steve Stanek

Steve Stanek (sstanek@heartland.org) is a research fellow at The Heartland Institute and managing... (read full bio)