Knox Clerk-Treasurer Discusses Impact that Circuit Breaker Tax Caps Have on the City’s Budget

Posted on Author Jacque Ryan

Knox City Council members were informed about some anticipated changes to local circuit breaker tax caps they met last Tuesday.

Clerk-Treasurer Jeff Houston said that on March 1st, he attended a meeting with the financial advisors at Umbaugh and Associates where they presented information about funding in local government and the analysis of assessed value.

He added that Mayor Dennis Estok, county representatives, local school administrators and other city and town officials were also in attendance at the March meeting.  Continue reading →

Knox Clerk-Treasurer Learns that the School’s Bond Will Not Have Negative Impact on Tax Caps

Posted on Author Jacque Ryan

Knox Clerk-Treasurer Jeff Houston told city council members of a potential impact Knox Community School’s bond pursuance may have on the city’s budget.

At Tuesday’s meeting, Houston told members he was under the impression the school’s bond may affect the city’s circuit breaker tax caps but he wasn’t sure about how much of an impact it would have.

He explained that the Knox School Corporation has recently been going through a process similar to what the city did when they took on community center renovations where a bond is set up through a separate building corporation that then leases the building back to the entity. Continue reading →