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March 5, 2018 Newsletter (Indiana)

Natural Disaster Levy Appeal — Many communities throughout the State are suffering loss due to flood damage and facing expensive clean-up efforts.  After emergency management is complete, finance officers will turn toward financial recovery for extraordinary costs.  Fortunately, State Law allows for a…

February 22, 2018 Newsletter (Indiana)

Attention:  New CCD Deadline — If you have a CCD fund, you may have noticed the rate declining over the past few years, possibly related to reassessment and annual trending. As a reminder, maximum CCD fund rates are: Municipalities

Long Term TIF Management:  Part One in a Series — Tax Increment Financing (TIF) is a well-recognized economic development tool in Indiana and nationally. TIF is used in Indiana to help facilitate development in areas where new development might not otherwise occur. TIF areas in Indiana, depending on…

February 13, 2018 Newsletter (Indiana)

Reminder:  Gateway Debt Verification Due March 1 — Local units of government will once again be required to complete an annual review and verify the accuracy of its debt on the State’s Gateway website.  Debt that must be verified includes: All bonds and loans (except…

February 8, 2018 Newsletter (Indiana)

Don’t Miss Redevelopment Commission 2018 Reporting Deadlines — Redevelopment Commissions must meet several reporting deadlines during the 2018 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…

Other Post-Employment Benefits (OPEB) Filing Due March 1 — What is OPEB? “OPEB” stands for Other Post-Employment Benefits. Pension is the most common post-employment benefit. As the name suggests, Other Post-Employment Benefits (“OPEB”) are benefits other than pensions. Typical examples are health, dental, vision and…

February 1, 2018 Newsletter

Umbaugh #5 in National Rankings — Once again, we are proud to be ranked in the top ten of all municipal advisors in the U.S. by the Thomson Reuters reporting company. For 2017, Umbaugh ranked fifth in the nation for the number of public…

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