Latest News

HEA 1062: Good and Bad News for Schools (Plus New Fund Balances for All Bonds Paid by Property Taxes)

By Curt W. Pletcher, CPA, Partner, April 16, 2014
Latest News

Some good and bad news came out of the recent legislative session for public school finance in HEA 1062, but the news could have been worse. The new law...

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Annexation Bill Falls Short

By Deen C. Rogers, CPA, Principal, April 16, 2014
Latest News

In its original form, SB 273 would have required annexation agreements between municipalities and owners of real property to be recorded and it attempted to clarify who can bind the...

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Senate Bill 1 – A Compromise with Options

By Loren M. Matthes, Principal, April 9, 2014
Latest News

As originally proposed, Senate Bill 1 would have eliminated all Indiana business personal property taxes (BPP). The bill was strongly supported by the Governor, the Indiana Chamber of Commerce...

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2014 Legislative Session: New Impact, Options and Unintended Consequences

By Umbaugh Announcements, April 8, 2014
Latest News

A number of bills intended to benefit Indiana taxpayers and communities could create new fiscal impacts on Indiana schools, counties, cities and towns. In some cases, those bills also have...

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Is It Time To Analyze Your LOIT Revenue?

By Jason G. Semler, CPA, Principal, April 1, 2014
Latest News

How’s your local option income tax (LOIT) working out for you? Is it producing the revenue you had in mind? Will it produce the revenue you need going...

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Starke County Uses Creative Financing for Jail Expansion

By Jason G. Semler, CPA, Principal, March 19, 2014
Latest News

Jail crowding could be on its way to your county – if it isn’t already there. A new law that goes into effect July 1 changes the A-D felony...

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Top 5 Reasons to Comply with Arbitrage Regulations

By Christina L. Cromer, CPA, Manager, March 19, 2014
Latest News

If you are an issuer of tax-exempt debt, there are 5 very good reasons to comply with the arbitrage rules of the Internal Revenue Code and related...

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Bond Market Still Favorable for Refinancings

By Doug Baldessari, CPA, Partner, March 5, 2014
Latest News

Municipal tax-exempt bond interest rates are no longer at the historic lows we saw in the summer of 2013, but they are still favorable for financing projects or refinancing long-term...

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Interest Rates Rise as Federal Reserve Reduces Securities Purchases – Part 2 in a two-part series

By Jeffrey A. Messer, Director of Umbaugh Cash Advisory Services, LLC, March 5, 2014
Latest News

In Part 1 of this series, we explained that the Federal Reserve embarked upon a program called quantitative easing, or QE, purchasing U.S. Treasuries and U.S. Government Agency securities to...

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Interest Rates Rise as Federal Reserve Reduces Purchases

By Jeffrey A. Messer, Director of Umbaugh Cash Advisory Services, LLC, February 20, 2014
Latest News

Part 1 in a two-part series It has been just over five years since the Federal Reserve lowered the Fed Funds rate to the 0.00% - 0.25% range in reaction to...

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