The recovery from recession is probably underway, but it may be some time before it improves the prospects for the state and local government budgets in Indiana. Property tax bills went out on time in 85 counties, the best performance since 2002. That means we have new information about the effects of the March 2008 tax reform on taxpayers and local governments. May 4 will see more than a dozen tax and capital project referenda. And we're facing a Constitutional referendum on the tax caps in November.
