Jennifer McCormick meets media June 18, 2024 in Indianapolis. (Mia Hilkowitz/Indiana Capital Chronicle)
INDIANAPOLIS – Indiana’s Democratic nominee for governor unveiled her $600 million plan Thursday for addressing rising property taxes, including fiscal impact and estimated savings for taxpayers.
Jennifer McCormick’s campaign team published a fact sheet Thursday morning, touting the plan as a way to provide “targeted relief to those who need it most without cutting essential police, fire, and school services to Hoosiers.”
“It impacts a lot of Hoosiers, most gain a little bit. That was the goal: that Hoosiers would have some relief — and not just this group or this group,” McCormick said in a virtual press conference. “And … not place the burden solely on our towns and local governments.”
Similar proposals released by her Republican and Libertarian opponents — U.S. Sen. Mike Braun and Donald Rainwater, respectively — have been criticized for not providing fiscal estimates or naming alternative funding sources for key local services like public safety.
McCormick relied on bipartisan lawmaker proposals previously vetted by the General Assembly’s Legislative Services Agencies, a nonpartisan entity that calculates a fiscal impact for each bill filed by legislators.
McCormick seemed optimistic that relief could be adopted quickly by the General Assembly under her plan because it used bills — and fiscal reports — from both Republican and Democrat lawmakers.
According to an analysis by the Association of Indiana Counties and Policy Analytics, the gross assessed value of homes jumped 16.5% on average between 2022 and 2023, and property tax bills increased by 18.2% on average.
Read the entire Whitney Downard story for the Indiana Capital Chronicle, here.