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Local income taxes could be raised to help pay for Riverfront Development

(Photo Supplied / Riverfront Fort Wayne)

FORT WAYNE, Ind. (WOWO): Riverfront Development could be getting a financial boost from your income tax.

City Councilman John Crawford is proposing a local income tax hike to help pay for the cost of the development project. He tells our Partners in News at ABC 21, its key for Fort Wayne’s future.

“We’re trying to be more attractive to young people and companies… And if we do that we will be able to increase the population, which will also increase the average wage, but it will also increase the average skill set of some of the people coming in.”

If City Council approves the local income tax increase, the average annual income of $49,000 per household would pay an extra $6 a month, and that could generate 12 million dollars a year to spend.

“The Riverfront isn’t the end, it’s a means to an end,” said Crawford. “It’s the whole idea – look at downtown 20 years ago and look at it now.”

A possible vote on the proposal by City Council could happen in July.

Councilman Crawford will be on Fort Wayne’s Morning News with Charly Butcher at 7:38 a.m., Thursday, to discuss this further. Listen here.

 

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1 comment

Ann Gomez June 29, 2017 at 3:01 pm

I want to say no, no, no to the local income tax increase. Stop making everyone that is working lose more money, while people that are getting all this free government and assistance from the state are paying for nothing and laughing about it. Why not just raise the retail sales tax? That way everyone is pitching in. Go to the rich and the people that want this riverfront built to pay for it. I’m sure these donations from them would be a big write off. Stop making the little people pay for things they will never use or want.

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