The city of Jeffersonville is preparing for changes that could put the city in a financial strain. Senate Bill 1 was signed into law last week. It will provide a $300 tax credit for some homeowners, and some Republicans project it will save Indiana residents around $1.3 billion over the next three years. However, Mayor Mike Moore says the law could impact the city of Jeffersonville.“This is a severe blow for everybody that provides services to the public,” said Moore.Moore says the City of Jeffersonville is expected to lose approximately $5.7 million in property tax revenue over the next three years as a result of Senate Bill 1. "It's your garbage collection. It's your street paving. It's your police protection. It's your fire protection. Things you all take for granted, the money that is used to pay for those services is now being pulled back from us," said Moore.In response to the lost revenue, Moore announced seven measures to “limit and reduce expenditures, including suspending hiring for new and/or vacant positions in city departments and offices unless the Board of Public Works and Safety deems the position essential and critical to the city’s operations. Also, capital expenditures in excess of $5,000 should have prior approval by the Board of Public Works and Safety, along with work-related travel expenditures. A statement from State Sen. Chris Garten says in part: "I have and will continue to partner with Mayor Moore to support Jeffersonville as we work toward a sustainable future that balances the need for property tax relief for locals while ensuring funding for necessary services."Moore says the city remains dedicated to the community's well-being. "If you live in Jeffersonville, we're going to take care of you. It’s just going to look a little different," said Moore.
JEFFERSONVILLE, Ind. —
The city of Jeffersonville is preparing for changes that could put the city in a financial strain.
Senate Bill 1 was signed into law last week. It will provide a $300 tax credit for some homeowners, and some Republicans project it will save Indiana residents around $1.3 billion over the next three years.
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However, Mayor Mike Moore says the law could impact the city of Jeffersonville.
“This is a severe blow for everybody that provides services to the public,” said Moore.
Moore says the City of Jeffersonville is expected to lose approximately $5.7 million in property tax revenue over the next three years as a result of Senate Bill 1.
"It's your garbage collection. It's your street paving. It's your police protection. It's your fire protection. Things you all take for granted, the money that is used to pay for those services is now being pulled back from us," said Moore.
In response to the lost revenue, Moore announced seven measures to “limit and reduce expenditures, including suspending hiring for new and/or vacant positions in city departments and offices unless the Board of Public Works and Safety deems the position essential and critical to the city’s operations.
Also, capital expenditures in excess of $5,000 should have prior approval by the Board of Public Works and Safety, along with work-related travel expenditures.
A statement from State Sen. Chris Garten says in part: "I have and will continue to partner with Mayor Moore to support Jeffersonville as we work toward a sustainable future that balances the need for property tax relief for locals while ensuring funding for necessary services."
Moore says the city remains dedicated to the community's well-being.
"If you live in Jeffersonville, we're going to take care of you. It’s just going to look a little different," said Moore.
