Originally posted to wthr.com on February 21, 2017 by Mary Milz.
INDIANAPOLIS (WTHR) – The City-County Council has approved a plan raising the county income tax to help fund mass transit.
The plan calls for raising the county income tax 0.25 percent, or $100 for each $40,000 of taxable income. Doing so would raise $54 million a year for IndyGo to expand bus service to parts of the county that don’t have it and allow buses to run more often and later at night. It would also help fund three rapid bus transit routes.
The council approved the increase, which takes effect in October, with a 17-8 vote.
“Last year, a significant majority of Marion County voters made an important statement about the future of mass transit in Indianapolis and I appreciate the Council’s decision to act according to the will of the people tonight. Once this ordinance is signed, I look forward to ensuring that this historic investment in city infrastructure will be transformative for our future,” Indianapolis Mayor Joe Hogsett said in a statement.
For the full article, visit http://www.wthr.com/article/city-county-council-passes-tax-increase-for-mass-transit-funding.