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IN SR0024
Resolution
AI Summary
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Urges the Indiana legislative council to assign a study committee to examine maximizing underutilized economic resources in Gary, Indiana.
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Identifies Gary's financial decline since 2005 caused by property tax caps, shift from industrial to residential taxpayers, declining casino revenues, and increased circuit breaker credits.
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Notes a state board of accounts audit found property tax caps resulted in a 51% reduction in Gary's property tax levy, the largest reduction in the state.
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Directs study committee to examine real estate contiguous to Buffington Harbor containing a deep water port, three Class 1 railroad lines, and property within one-half mile of Gary/Chicago International Airport.
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Passed by Senate Committee on Appropriations on February 22, 2018 with a vote of 10-0.
Legislative Description
A SENATE RESOLUTION urging the legislative council to assign to the appropriate study committee the issue of maximizing the underutilized economic resources of Gary, Indiana.
Last Action
Senator Randolph added as coauthor
2/26/2018