Today the Indiana General Assembly will be voting on the proposed tax cap constitutional amendment. If this passes without any changes, a referendum will be put on the ballot in November and we will vote to make the current 1/2/3 tax caps permanent.
I haven't heard much talk in real estate circles about this very important bit of legislation. What are your thoughts?
Do you worry that the caps are too tough on local governments, keeping them from being able to raise money for important services? Or, do you think they are exactly what's needed to stop the growth of government? I'll be quiet and let everyone weigh in first before I add my two cents. (For once!)