INDIANAPOLIS — On Monday, the City-County Council unanimously passed three pieces of Mayor Joe Hogsett’s 2023 fiscal package.
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.
“These transformative investments will enhance the infrastructure, public safety, and prosperity of neighborhoods across Marion County,” said Mayor Hogsett. “My thanks to President Osili, Vice President Adamson, and Leaders Lewis and Mowery for their partnership. I look forward to continued collaboration with the City-County Council to improve the quality of life for residents, especially as we approach the passage of the proposed 2023 operating budget.”
The three components that were passed include $40 million in Circle City Forward funding, American Rescue Plan Act allocation and property tax relief.
Proposal No. 309, allocates the second half of the City’s American Rescue Plan (ARPA) funds from the federal government along with additional funding for the IndyRent rental assistance program.
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.
Proposal No. 310, allocates funding for property tax relief for Marion County homeowners.
Property owners occupying a homestead with an assessed value of less than $250,000 will receive a credit of $150; property owners with an assessed value of between $250,000 and $400,000 will receive a credit of $100. The one-time credit will appear on individuals’ Spring 2023 property tax bills. Over 191,500 homesteads are expected to receive the credit.
Proposal No. 311, allocates an additional $40 million toward the design, construction, and inspection of residential streets and major thoroughfares.
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.
The proposed 2023 operating budget and approval for the general obligation bonds will be up for a vote of the City-County Council on October 17.
-
Small business director goes door-to-door to help local entrepreneurs succeed
In a neighborhood where longtime business owners have weathered decades of change, a new grassroots push is working to ensure small businesses and residents not only stay, but thrive.
Franklin Township councilors will vote Monday on Google Data Center hearing
On Monday night, the Indianapolis City-County Council will vote on whether to hold a final public hearing for a proposed Google Data Center in Franklin Township.
Hamilton County’s new trail system connects 4 cities, Here’s how to ride it
Cyclists, walkers, and runners in Hamilton County can now travel between Carmel, Westfield, Noblesville, and Fishers without ever sharing the road with a car.
World War II training plane takes flight over Monroe County
If you're in Bloomington or Monroe County, keep your eyes on the sky this weekend. There's a good chance you could see a plane that helped train service members during World War II.
