Property tax caps in Indiana will collectively save homeowners
almost half a billion dollars in 2010, but not everyone believes
its in the state's best interest, or theirs.  Caps would leave
fewer dollars for local government, farmers, and business
owners. Those groups joined forces at the Statehouse this week
to put the brakes on an attempt to make property tax caps a
permanent part of the state constitution.  "To put it in the
constitution right now is just irresponsible," said Mayor
Michael Fincher of Logansport.  Right now, Fincher and his city
council are working to cut $4.6 million out of a $10 million
budget. If property tax caps become permanent, he says
homeowners will end up paying the difference in other ways:
"New taxes will have to be implemented like local option income
taxes and those kinds of things to offset the cost to revenue,"
Fincher said.  This week, the Indiana Senate is expected to pass
the constitutional measure on to the House. If both chambers
pass identical versions of the constit