Remember the Tax Adjustment Board?

Fort Wayne-area blogger and former state legislator Mitch Harper has written before on the Tax Adjustment Board, and a renewed discussion of this concept could not be timelier. Read Mr. Harper’s most recent post here for background on the TAB.

IAR has written before here that perhaps the best public policy element of the controversial “2% cap” is that it creates a shared accountability between taxing units. With mayors declaring “war” on the 2% cap and some legislators indicating that changes will be made, we fear that this shared accountability could be lost in any changes.

In the legislative give-and-take over the 2% cap, Hometown Matters, and property tax relief next session, maybe there is hope for a new system of property tax controls that looks at the overall burden on each taxpayer? Some form of the TAB could be the answer to balance out any new fiscal flexibility for locals.

Leo Morris of the Fort Wayne News-Sentinel wrote a great editorial on the TAB idea yesterday (read it here). Kudos to the Fort Wayne community for putting more good options on the table for the 2007 session of the General Assembly.