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Is My Fiscal Plan Adequate?

By Deen C. Rogers, CPA, Partner, September 07, 2017

Due to the lack of a threat of remonstrance, many communities have traditionally prepared super-voluntary annexation fiscal plans in-house.  However, with the change in annexation laws in the summer of 2015, the required content of the fiscal plan became more complex and cumbersome.  As a result, many communities have outsourced the preparation of their fiscal plans, even for those super-voluntary annexations that were once pretty simple and straight-forward.

Are you one of those communities that still tackles the challenge of an annexation fiscal plan in-house?  If so, are you meeting the new requirements of Indiana Code?  Are you well-versed on the proper residential deductions, the application of tax caps and other property tax nuances? 

These questions are pertinent, as we have seen many fiscal plans over the past couple of years that are not sufficient.  They did not include 4-year projections, the supplemental homestead deduction was not factored in when determining the estimated net assessed value of future development, nor was there an indication of whether or not the affected parcels were subject to a remonstrance waiver.  This was a change that was effective as of July 1, 2015.

With so many demands on local government officials, it’s difficult to be a jack of all trades and master them all.  For that reason, and because of all of the attention that annexation has received over the past few years, you are encouraged to contact your professional team to help navigate these complicated matters.

If you have questions or need assistance with your annexation fiscal plan, please contact us at .(JavaScript must be enabled to view this email address).

Information in this article was believed current as of the date of publication. As you know, changes occur frequently. The information presented is of a general educational nature. Before applying to your specific circumstances, please contact us at


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