Indiana calls for payback from counties
Indiana is asking 36 counties to repay $87.5 million in local income tax revenue the state overpaid in the past two years. According to The Indianapolis Star, Indiana officials say the overpayments were made during an unexpected decline in income tax collections. Once the state estimated how much counties would receive, the law did not allow the state to withhold tax payments or lower them as the economy declined. As a result, Hamilton County, Ind., owes $31.3 million, but county officials are skeptical of the state’s figures. “It just makes me sick,” Judy Levine, county council member, told the newspaper. “They have buried us through their own gross incompetence.” For the complete story, visit http://www.indystar.com/print/articles/2/028648-8532-009.html.