New tax law promises relief: local schools, city leaders say it comes at a cost

FORT WAYNE, Ind. (WANE) – Governor Mike Braun signed Senate Bill 1 into law Tuesday, finalizing a property tax reform that offers relief to homeowners while raising concerns among local officials and educators.Under the law, most Hoosiers will receive a property tax credit that could save up to $300 per year and with property tax collections set to decrease under the new law, some local officials say they’re now bracing for the possibility of increased income taxes to make up the dif