LAFAYETTE, Ind. (WLFI) - Important funding that goes to the City of Lafayette from the County Income Tax, or COIT, is safe for now.
As News 18 previously reported, part of a tax budget bill would have made changes to the COIT formula. This money goes into a general fund, which the city then uses to heavily fund its police and fire departments.
The city would have lost hundreds of thousands of dollars because of the formula change. However, the specific language that would have impacted Lafayette was not voted on as part of the whole bill, thanks to the work of local legislators.
Lafayette Mayor Tony Roswarski said that portion of the bill will now go to summer study.
"It's not totally over yet, but at least mayors are going to have the chance to have input because there were a lot of winners and losers throughout Indiana," he said, Lafayette getting the 'loser' end of the stick.
This whole issue first came to the attention of the city last week because of State Senator Ron Alting. He said had to work fast to address this bill language before the legislative session ended on Wednesday. Mayor Roswarski said he will be keeping an eye on the summer study, making sure Lafayette's interests and concerns are known.
"Our city will be very engaged," he said. "We will be watching it closely, having conversations with Senator Alting, Representatives Klinker and Campbell and the different folks who have a part of Tippecanoe County," he said.
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