Senate Republicans Introduce $1.4 Billion in Property Tax Savings
Senate Republicans Introduce $1.4 Billion in Property Tax Savings
Cutting taxes has been a priority for Senate Republicans for years. In fact, Senate Republicans have cut 20 taxes in the last 10 years, and Indiana has one of the lowest costs of living in the country.
Even with Indiana's property tax system ranking No. 5 in the nation for best property tax climate according to the Tax Foundation, Senate Republicans have made enacting meaningful property tax relief the top priority this year.
This week, the caucus rolled out its property tax relief package. This tax legislation contains historic growth-control measures and is projected to provide $1.4 billion in property tax relief over the next three years.
It includes policies that will help all Hoosiers, like freezing local operating fund levies in 2026 and curbing local debt issuances.
Another policy included in the package will help establish more safeguards around local tax referenda, like requiring referenda that seek to raise local taxes to be conducted during general elections when voter participation is highest.
It also includes targeted cuts for Hoosiers over 65, disabled veterans, farmers and first-time homebuyers.
Senate Republicans understand many Hoosiers have been frustrated by the considerable year-over-year increases in their bills, which have largely been caused by inflationary increases in property assessed values. Property taxes are set and used locally, so it is important to balance the needs of taxpayers with those of local government budgets.
As the session progresses, Senate Republicans will continue to prioritize the important issue of property tax relief so all Hoosiers can thrive.
Protecting Farmers and Agricultural Land
This week, a bill authored by State Sen. Sue Glick (R-LaGrange) that would help protect farmers from future groundwater emergencies unanimously passed the Senate.
Senate Bill 28 would set out a procedure where the Department of Natural Resources (DNR) will be required to investigate after being notified of an issue with a well impairment or failure. The DNR can then work through a process to require the entity that impaired the function of a well to remedy the issue, including reasonable compensation for damages or restoration of former withdrawal capabilities.
SB 28 would significantly help protect farmers and their agricultural land in the future from potential groundwater emergencies caused by large water users. It is an effort to allow large water users to coexist with local agricultural uses like raising livestock and crop irrigation.
While groundwater emergencies may not be a major issue across the entire state, they are becoming more relevant in rural communities. Putting these safeguards in place now as an effort to prevent future emergencies is very important, especially as more water-intensive industries come to Indiana.
SB 28 will now move to the House of Representatives for further consideration.
Supporting Hoosier Educators
Teachers play an important role in preparing the next generation of Hoosiers for success.
That's why Senate Republicans are supporting a bill that would increase the starting salary for Hoosier teachers from $40,000 to $45,000 when it unanimously passed out of the Senate last week.
If a school district does not reach a $45,000 minimum salary for its teachers, it would need to submit a report to the Indiana Department of Education explaining why it cannot meet that threshold. Senate Bill 146 would also increase the share of state tuition support funding that schools must spend on teacher compensation from 62% to 65%.
Thanks to the hard work and dedication of Hoosier teachers, Indiana's reading scores on the National Assessment of Educational Progress saw impressive improvements, increasing from 19th to 6th in the nation among fourth graders and from 17th to 6th among eighth graders.