Indianapolis Mayor Greg Ballard and City-County Council leaders are closing in on a budget compromise.
Neither side revealed details of the proposal, but anticipated an announcement by Monday’s council meeting.
The council approved the budget in October, but Ballard invoked his line item veto in an effort to force negotiations to address a projected $35 million budget gap. Ballard’s move stripped away more than $32 million in local income tax money for Marion County offices and agencies and the council office’s budget.
Without a compromise, county agencies would have to make significant cuts.
In October, the council also added a $15 million tax called a “payment in lieu of taxes” (PILOT) to the budget for the Capital Improvement Board. Ballard criticized that move, which the CIB is continuing to fight.
Ballard is considering potential increases in auto rental and event admission taxes.