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March 22, 2018 Newsletter (Indiana)

Supplemental Local Income Tax (“LIT”) Distributions in May 2018 — Each year, the State Budget Agency makes a determination as to whether each county’s local income tax trust balance (held at the State level) exceeds 15% of certified distributions.  Excess balances above 15% are to be distributed to…

Now is the Time for Asset Management Planning — Recent studies by the EPA and American Water Works Association (AWWA) estimate the nation’s infrastructure replacement needs in the hundreds of billions of dollars. These studies reinforce Indiana’s own findings. The Indiana Finance Authority’s (IFA) 2016 study identified…

March 8, 2018 Newsletter (Indiana)

Pieces of the Puzzle - AV & LIT Analysis — As a public official, you may at times feel stuck in the detail of what is affecting local government funding in your community. Often, taking a moment to step back from the specifics to see the big picture can prove…

TIF Management:  Part Two — As noted in the last TIF article, if you are planning to issue debt payable from tax increment or to fund projects on a pay-as-you-go basis, you should be aware of the possible revenue impacts of the expiration…

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…

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