2004 Performance Based Budget - Laserfiche WebLink

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we can take. First, we should provide mobile workshops in neighborhoods to help property owners know if they have filed for all applicable exemptions and to help them understand if they have a basis for appealing their assessment iFor the Spring tax bill. Second, I believe that we need to increase the local homestead credit which is provided through Local Option Income Tax dollars. When first enacted, the Homestead Credit vvas set at 8%. Because of the change in formula on how it is applied, the value of that credit has decreased. We need to reinstate it at the full original value and consider expanding the credit. Third, we need local fiscal flexibility so that we can create a proper mix of revenues to support local government. I support the passage of HB 1008 which allows a local unit of government to enact a local income tax to provide property tax relief. I believe we should have full public discussion of this option to see if it makes sense for South Bend I would not support this measure unlless all new taxes generated are directed to property tax relief. I also support HB 1004 - providing aulded deductions for older homes; HB 1006 - providing additional deductions for various ,groups; and HB 1007 - providing a phase in for tax increases greater than 75%. Fourth, I believe that we need to look at revenue sharing. When a development happens outside the city limits that relies on city services, such as sewer and water, the city should receive some property tax revem~e, not just another utility customer. Many metropolitan areas are paving the way for such an~angements as they consolidate services and look to become more efficient. I will create a panel of fiscal advisors who will compare city and county data with other communities across the state and the Midwest. They will make recommendations on how to keep South Bend competitive. Everything will be on the table. How do we stack up comparing total taxes and fees? What is our percentage ofNot-For-Profit (NFP) or tax exempt properties? How does that effect our tax rates? Should we increase local income taxes with 100% dedicated to property tax relief? Should we reduce the use of Tax Increment Financing or tax abatements? What services could be consolidated with other units of government? In addition, all city operations will be open for review. I believe that we excel in providing service, but I am open for suggestions on ways to become more efficient. We will develop better benchmarks to make sure that we continue to provide the best service at the best price to our customers. This effort will help us become a world class city. With assistance from experts in business and the community, from our local colleges and universities, we will meet the challenges of reassessment head on so that we can continue to build South Bend A-18