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Indianapolis’s Ballard takes aim at tax questions about preschool plan

(Photo: Shaina Cavazos)

(Photo: Shaina Cavazos)

Confusion remains for some residents over how Mayor Greg Ballard plans to fund his recently announced anti-crime initiative, which includes a $50 million public-private partnership to increase access to preschool.

At a town hall meeting Wednesday night at Southport Presbyterian Church, the mayor and his staff tried to explain: The city hopes to raise $25 million through philanthropy, but the other $25 million is planned to come from the elimination of the Homestead Tax credit, which would add $5 million each year over five years to efforts to increase preschool quality and offer scholarships to low-income families.

Mainly, the confusion arose over the Homestead Tax Credit vs. the Homestead Tax Deduction — two different things, the mayor’s chief of staff, Ryan Vaughn, explained.

“Everyone say it with me, it’s not the deduction, it’s the credit,” Vaughn said.

Read the full story on Chalkbeat Indiana.

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