The Town of Winamac may be able to get a larger share of tax revenues. During a special meeting last week, the town council voted to proceed with a maximum levy appeal, at the recommendation of Eric Walsh with accounting firm Baker Tilly.
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Knox city employees may be getting a pay raise next year, but only a slight one. Mayor Dennis Estok told the city council last week that he’s proposing a one-percent raise for employees, but no increase for elected officials or appointed board members.
Continue readingThe Knox City Council recently took action to make sure funding is available for the wastewater treatment plant project, as well as next year’s budget. Council members passed a resolution to meet a $120,000 grant match requirement.
Continue readingThe Knox City Council took action last week to make up a shortfall in the city’s insurance budget. Council members transferred more than $68,000 into the insurance line item and over $23,000 into benefits. That money will come out of four other line items funded by economic development income tax revenues.
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The Town of Winamac could lose up to $175,000 over the next three years due to COVID-19, but it should have enough cash reserves to withstand the loss. Eric Walsh with accounting firm Baker Tilly told the town council Monday that the General Fund will probably see the biggest impact.
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The City of Knox is making sure it has funds available to keep the city operating during the COVID-19 pandemic. The city council approved a pair of temporary loans between the city’s funds, according to draft minutes from the April 28 meeting.
Continue readingThe Knox City Council will take steps tonight to prepare for COVID-19’s impact on the city’s finances. Council members will consider temporary loans of $150,000 from the Economic Development Income Tax Fund to the General Fund and $35,000 from the Rainy Day Fund to the Motor Vehicle Highway Fund. Mayor Dennis Estok told the board of works Friday that MVH is expected to take a big hit.
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The Culver Community Schools Corporation’s finances appear to be in good shape, despite a drop in enrollment in recent years. “We’re on a good trend, and we hope to stay on that trend,” says Superintendent Karen Shuman.
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The Knox Community School Corporation is reporting financial stability, despite a few challenges.
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Pulaski County officials may soon be asking state lawmakers to help balance out the county’s tax structure. The county currently has one of the highest income tax rates in the state but relatively low property taxes. But fiscal planning consultant Jeffrey Peters told the county council and commissioners Monday that simply replacing income taxes with property taxes isn’t always possible.
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Pulaski County could see annual funding shortfalls of $2.7 million within the next few years, if it remains on its current financial path. Consultant Jeffrey Peters presented the first part of a fiscal plan to the county council and commissioners Monday.
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The Culver School Board has finalized preparations for the new school funding structure. Starting January 1, each school corporation’s General Fund will be replaced by an Education Fund, while the Capital Projects, Transportation, and Bus Replacement Funds will be combined into an Operations Fund.
Housing and transporting federal inmates continues to cause budget challenges for the Pulaski County Sheriff’s Department. Sheriff Jeff Richwine told the county council Tuesday that while the effort is making money for the county overall, the associated income and expenses are in two different parts of the county’s budget.
The Culver School Board cleaned up a couple bookkeeping items when it met Monday. Treasurer Casey Howard said that the Special Education Grant wouldn’t be enough to cover costs. She explained that the grant application was turned in before teacher contract negotiations wrapped up and didn’t take into account a pay increase that ended up being included.
Pulaski County will not be charging its residents a wheel tax in the near future. The issue was discussed during last week’s joint county council and commissioners meeting, after the Bureau of Motor Vehicles asked for an update.
The Eastern Pulaski Community School Corporation is getting ready for the new school funding structure set to take effect in 2019. The school board adopted a resolution Monday to establish new Education and Operations funds, according to Superintendent Dan Foster.
The Oregon-Davis School Board is holding a special work session on Monday to deliberate and receive public input about fiscal strategic planning for future operations. Specifically, the meeting will pertain to the general and referendum funds of the Oregon-Davis School Corporation.
Any visitor has the opportunity to speak but they must inform the school board president in advance by registering before the meeting begins. A registration sheet will be available at least thirty minute prior to the meeting. Continue reading
The Culver Community School Board adopted the 2018 budget when they met Monday evening. Superintendent Karen Shuman stated that their budget is in line with their enrollment and all accounts are in good standing.
Superintendent Shuman also said their taxation will remain status quo and representatives of the school corporation are hoping that the new housing being developed in the community will boost enrollment which would increase revenue and allow for the school to offer more programs to Culver Community students.<!–more–>
Culver Community School Corporation’s general fund comes in around $6.1 million and the capital projects fund has more than $2 million estimated. The 2018 budget has an estimated total of $12,189,792. To view the budget notice provided through Indiana Gateway for Government Units <a href=”http://budgetnotices.in.gov/ReportMaster.aspx?uid=2470&yr=2018&mode=ALL” target=”_blank” rel=”noopener”>click here.</a>
