FORT WAYNE, Ind. (WANE) — Imagine you wanted to buy a house, but on your mortgage application, you explained your income could change every year, and quite possibly be zero.
Think it would be tough to get approval for a loan?
That’s the situation some Indiana cities say they find themselves in, after SB-1 became law on July 1 and changed the revenue stream for municipalities, who will rely less on property taxes and rely more on local income taxes, with rates renewed every year…