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Indy Mass Transit Expansion Moving Ahead

Wednesday, April 27, 2016 07:48 AM EDT Updated: Wednesday, April 27, 2016 08:30 AM EDT
Indy Mass Transit Expansion Moving Ahead

A measure that would give Marion County voters a say in expanding mass transit has taken a step forward. After a public hearing, a City-County Council committee approved a "do-pass" recommendation for the proposal, which calls for a referendum on a 0.25 percent income tax hike to fund public transportation projects.

The full council is set May 9 to discuss Prop 145. If green-lighted, a measure to authorize a council vote on the tax increase would be included on ballots in November. It would then return to council for approval.

IndyGo, the Indianapolis Public Transportation Corp., says the proposal’s passage would allow it to get to work on the Marion County Transit Plan. The initiative would involve a larger network of bus coverage and three new rapid transit lines, all in an effort to boost service frequency and hours of operation.

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Strategic steps to take before you sell your company

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Before initiating the sale process, it's crucial to evaluate the financial health of your business. Prospective buyers will closely examine financial statements, profit margins, cash flow, and growth potential. Engaging a professional accountant or financial advisor can provide valuable insights to ensure your financial records are accurate and well-organized....

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