City-County Council approves tax relief for homeowners, more from Hogsett's fiscal plan

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City-County Council approves tax relief for homeowners, more from Hogsett's fiscal plan
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The City-County Council approved a $150 tax credit for homeowners in Marion County on Monday, which was part of Mayor Hogsett's 2023 fiscal plan.

Hogsett introduced the package on August 8, consisting of the 2023 proposed operating budget, the second half of the City’s allotment of federal American Rescue Plan funds, a fiscal to improve residential streets and major thoroughfares, a fiscal to provide Marion County homeowners with property tax relief, and a general obligation bond for capital projects to upgrade public facilities.

The three components that were passed include $40 million in Circle City Forward funding, American Rescue Plan Act allocation and property tax relief. Those ARPA funds will continue to power Mayor Hogsett’s $150 million violence reduction strategy, featuring $9 million for IMPD technology, 100 new IMPD officer positions, $45 million over the next three years for grassroots organizations, $30 million for mental health resources, and more; investment in Indy Parks playgrounds and courts; affordable housing initiatives through the Department of Metropolitan Development; and much more.

The proposal is part of Circle City Forward, an effort that goes beyond the annual budget to invest in public infrastructure and improve neighborhoods. Since 2021, the City has committed over $300 million toward local residential streets, major thoroughfares, parks, trails, and facilities through Circle City Forward.

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