Lake County Tax May Have Minimal Impact On Porter County
August 18, 2014 — Porter County is not being hit as hard by Lake County’s new local income tax as originally feared.
Lake County passed the 1.5 percent county economic development income tax in May 2013. County Auditor Bob Wichlinski projected at the time that Porter County would lose about $1.6 million a year in CEDIT revenue. According to the Indiana State Budget Agency, the drop for 2015 is estimated at $528,517. That amount will be finalized in the coming weeks.
Wichlinski told the “Post-Tribune” that he thinks that Porter County may not have been hit as hard by Lake County’s new tax because residents here could be earning more, boosting how much is collected. The news is particularly good as the council moves into budget hearings, which start next month. The county is facing ongoing budget constraints, and a projected shortfall of 8 million dollars for next year.