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Hammond mayor warns SB1 will force $15 million in cuts without state fix
Summary
Hammond's mayor told residents at a Mayor's Night Out at Harding Elementary School that the state law commonly called SB1 will give homeowners a $300 property-tax credit but also substantially reduce local government revenue, leaving the city facing an estimated $15 million budget gap next year unless the state provides further fixes.
Hammond's mayor told residents at a Mayor's Night Out at Harding Elementary School that the state law commonly called SB1 will give homeowners a $300 property-tax credit but also substantially reduce local government revenue, leaving the city facing an estimated $15 million budget gap next year.
"We're supposed to lose $15,000,000 in 1 year, and they don't know how much we can replace it with," the mayor said. He warned that two-thirds of Hammond's operating dollars go to police and fire, and that absent a state fix…
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