North Judson’s property tax revenues have taken a hit due to COVID-19 but not as much as previously feared. Clerk-Treasurer Andrew Rowe told the town council last week that the most recent disbursement was down 12 percent from last year.
Accounting firm Baker Tilly was expecting drops of up to 50 percent in some communities. “So with it being 12-percent, sort of preliminarily, I don’t think it’s going to have a devastating impact, luckily,” Rowe said.
North Judson still expects to get all of its money, but not until December. Rowe said he’s asked Baker Tilly to make an updated plan to manage the town’s cash flow. “I have sent this to Baker Tilly, basically to look at this year’s, last year’s, how it’s impacting us, our General Fund, all the way from capital expenses – those will be the first to sort of reschedule, anything over $5,000 that would be impactful – all the way down to wages for police, our staff here, at the end of the year, fire, and of course, our council, building inspector, that kind of thing,” Rowe explained.
Rowe noted that the town could ask for a supplemental disbursement, if it should need the money before December.
