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February 26, 2019 Newsletter (Indiana)

New:  Don’t Miss Redevelopment Commission 2019 Reporting Deadlines — Redevelopment Commissions must meet several reporting deadlines during the 2019 calendar year. It is important to adhere to these requirements as the Department of Local Government Finance (DLGF) tracks compliance, and failure to meet the excess notification and…

Indiana Counties Again Turning to Local Income Tax in 2019 — Since the consolidation of the former CAGIT, CEDIT and COIT into a single Local Income Tax (LIT), Indiana counties have increasingly turned to LIT as a valuable resource. October 31, 2018 was the deadline for Indiana counties to amend any…

February 14, 2019 Newsletter (Indiana)

Exploring Utility Rate Affordability - Part 1 — The affordability of water and sewer rates has long been an issue. Now the problem is gaining even more attention. Aging infrastructure, EPA mandates due to public health and environmental concerns, conservation, delayed maintenance, the polarization…

Bonds 101 - Part 1 — This article is part of a series to provide an overview of the bond issuance process. Let’s start with the basics.  What are bonds? A debt security providing external funds for current expenditures. …

January 28, 2019 Newsletter (Indiana)

Upcoming Deadlines — As the New Year begins, it is time to focus on wrapping up the previous year.  To close out December, all records must be posted and reconciled with bank statements as promptly as possible.  Utilities and other departments…

January 17, 2019 Newsletter (Michigan)

Road Funding Analysis - Part 2 — “What about our roads?”  We keep hearing this question across the state from communities large and small.  In response, we have talked with communities about the options available.  The answer usually comes down to one word, millage.  The…

January 3, 2019 Newsletter (Indiana)

Promotion to Principal — Brock Bowsher works in Umbaugh’s School and Library Practice Group and assists school districts in the areas of comprehensive financial strategies and debt management.  Before joining Umbaugh in 2016, Brock worked with the Avon Community School…

Promotion to Principal — Lindsay Simonetto joined Umbaugh in 2008 and has worked on a wide range of projects in various practice areas.  She has assisted schools, counties, cities and  towns, hospitals, and other local governments in bond financings, long-term financial planning,…

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