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Eliminating business personal property tax could hurt schools

The city estimates local governments could loose $55 million dollars if the tax is removed.

Posted: Jul 24, 2018 9:11 PM
Updated: Jul 24, 2018 10:21 PM

FORT WAYNE, Ind. (WFFT) - Many people told Fort Wayne city council they shouldn't get rid of the business personal property tax.

The city estimates local governments could loose $55 million dollars if the tax is removed.

Fort Wayne Community Schools could loose about $11 million alone.

FWCS board president Julie Hollingsworth told city council the district would have to make cuts in the classroom.

"Teachers, supplies, assistants and those are things we just don't want to do," Hollingsworth said.

Former city councilman Mitch Harper disagrees. He was the only person to speak in favor of eliminating the tax.

"It's historically on it's way out and the city council ought to take action and make Allen County a leader in this area," he told reporters.

If Fort Wayne's city council approves removing the tax, it would effect the entire county.

City council determines the Allen County tax rates because more than 70 percent of the residents reside in the city.

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