It appears the Indiana House, Senate and Governor Mike Braun have struck a deal to provide property tax relief for Hoosier homeowners, but the question now is, at what cost?
Republican House Speaker Todd Huston was instrumental in putting this deal together as a legislative leader. Representative Huston represents the eastern part of Fishers.
Democrat Victoria Garcia Wilburn represents the western section of Fishers and voted against the property tax measure, Senate Bill 1 (SB1). She cites a number contained in a recent WFYI story, from the Legislative Services Agency, saying Hamilton Southeastern (HSE) Schools would lose $26.7 million over 3 years as part of SB1. In a social media post, Representative Wilburn also says Hamilton County will lose $35 million under the property tax deal. According to Ms. Wilburn, homeowners “might” save $300 a year on their property tax bills under this legislation. She describes SB1 as “a solution creating more problems.”
In a statement issued April 9th, Speaker Huston describes this deal as “meaningful relief for Hoosiers who’ve been hit hard with rising property taxes.” The Speaker says SB1 will provide $1.4 billion in property tax relief over 3 years.
HSE Schools issued a statement earlier this week before the most recent numbers were available.
“As written, Senate Bill 1 could result in severe reductions to our district’s operational budget over the next three years,” the HSE School District says. “These potential cuts would directly impact students through the loss of academic programs, increased class sizes, reductions in staff, and limits our ability to maintain and update school facilities to the high standards our community has come to expect.”
The HSE statement emphasizes the district’s record of fiscal responsibility, making careful use of taxpayer dollars to prioritize student success.
Fishers Mayor Scott Fadness describes SB1 as complex and the city will see less money than projected. The mayor tells LarryInFishers he does not have a specific number, but it will be in the millions of dollars. He notes that the city will receive more money each year in the coming 3 years, but less than would have been collected without this legislation.
Fadness approves of the provision allowing cities a process to enact their own income taxes. Fishers and Carmel have had disputes the last several years about how the state formula passes out local option income taxes at the county level down to cities like Fishers.
House Speaker Huston and Senator Kyle Walker have been in contact with Fishers on the status of SB1 as it has moved through the legislative process. Fadness adds that Fishers will remain aggressive in quality of life issues and will work with state lawmakers in this long transition of how Indiana funds local governments through the property tax system.
Fadness is confident the city will have a good handle on money available as he begins to fashion a 2026 city budget later this year.