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Mayor warns SB1 will force local choices: $300 credit may shift $15M burden to Hammond
Summary
Mayor Tom McDermott told attendees that a recent state bill (SB1) will reduce property tax revenue and could force Hammond to cut services, pass local income taxes, or seek referendums; the city has imposed a hiring freeze and prioritized public safety while uncertainty persists.
At the Jan. 28 Mayor’s Night Out, Mayor Tom McDermott warned residents that a recent state measure he referred to as SB1 will reduce local property tax revenue and shift costs to municipalities. “They slashed our budget, Hammond's gonna lose $15,000,000,” McDermott said, describing a $300 state credit that he said would be paid for by cities unless local income taxes or other measures are adopted.
What the mayor said: McDermott argued the $300 credit offered by the state is not a net tax saving for many…
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