Braun to Decide on Revised Property Tax Bill

Indiana Senate Republicans have approved significant changes to a property and income tax plan, sending it to Governor Mike Braun for approval, despite earlier reservations from the governor and the opposition of Lt. Governor Micah Beckwith. The bill, Senate Bill 1, promises $1.2 billion in property tax cuts for Hoosier homeowners over three years, but it also projects a $1.5 billion revenue loss for local governments, impacting public schools. Lt. Gov. Beckwith has publicly urged Governor Braun to veto the bill due to its complexity and potential negative impacts on local funding. Governor Braun has expressed his intent to sign the bill, citing it as a historic relief measure, despite not all of his preferred amendments being included. The bill has undergone multiple revisions, and although it does not fully align with Braun's original plan, he believes it aligns with his agenda for taxpayer savings and protections. The bill's passage remains contentious with the potential for increased local taxes or service cuts to offset lost revenue.