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June 14, 2018 Newsletter (Indiana)

2019 School Budget Planning:  A Transitionary Time — It’s that time again. School corporations across Indiana need to start developing 2019 school budgets. Budget preparation can be a laborious and time-consuming process, but adding to the already complicated process for 2019 are the fund…

May 31, 2018 Newsletter (Indiana)

Utility Legislative Update — The Dust Has Settled on an Extended 2018 Legislative Session that Saw Several Significant Utility Bills Enacted There was a lot of drama surrounding the special legislative session called by the Governor to finish business undone at the end of…

Do You Have a Financial Roadmap to the Future? — Many governmental units across Indiana, large and small, are facing financial challenges due to rising costs, declining revenues, lack of economic growth, and property tax losses due to Circuit Breaker Tax Credits and other legislative changes. All of these factors…

May 29, 2018 Newsletter (Indiana)

Special Session Brings New Requirements for Redevelopment Commissions — The May 14th special session of the Indiana General Assembly saw passage of HEA 1242 in both chambers, and the bill was subsequently signed into law by Governor Holcomb. Included in this law are new requirements affecting redevelopment commissions. Effective…

May 17, 2018 Newsletter (Indiana)

Utilizing TIF to Support Education in Your Community — Tax Increment Financing (TIF) is traditionally viewed as a resource for funding infrastructure, downtown redevelopment or incentives to promote economic development in a community. TIF funds are not generally viewed as a possible source for funding educational programs…

Cities and Towns Face Changes to Transportation Funding Distributions and Reporting Requirements — In April 2017, Indiana legislature passed HB 1002, a sweeping bill covering transportation infrastructure funding. Among the bill’s many provisions, of note were changes related to State motor vehicle highway distributions and how local governmental entities are permitted…

May 3, 2018 Newsletter (Indiana)

In the World of Circuit Breakers, More Counties Turning to Local Income Tax — Local Income Tax (LIT) is a resource that communities are increasingly relying on as pressures build on property tax revenues. With the greater flexibility now allowed since CAGIT, CEDIT and COIT were consolidated into a single LIT, you…

Next Level Roads Program (Part 1) — In 2017 the State announced a 20-year program to begin implementing projects aimed at improving the condition of the State’s roads and bridges.  The State released a plan for INDOT projects to be completed during the first five…

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