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budgetary control (that is, t e level at which expenditures cannot legally exceed the appropriated <br />amount) is established by ajor budget classification within funds. T:he City Council may <br />transfer appropriations fro one major budget classification to another within a department by <br />ordinance as long as the tot 1 appropriations for that department are not exceeded. Transfers <br />from one department to an ther, or additional appropriations in excess of the original budget, <br />must be submitted to and a proved by the State Board of Tax Commissioners after these <br />appropriations have been a proved by the City Council. <br />The City also maintains an ncumbrance accounting system as one technique of accomplishing <br />budgetary control. Encum ered amounts do not lapse at year end and are carried over to the <br />subsequent year as a part o the subsequent year's budget. <br />Property Tax Controls. ] <br />statute, the City must oper <br />tax it may levy. The prope <br />property taxes that may be <br />Indiana law prescribes a m <br />the previous year's maxim <br />assessed valuation in exce; <br />up to a maximum of 10%. <br />the last three years, not coy <br />finds that it cannot maintai <br />"freeze," it may appeal to t <br />certain specific instances. <br />amount generally equal to <br />described below) to the Co <br />20% of the property taxes 1 <br />sales tax. <br />addition to budgetary and other controls established by Indiana <br />within specific and rigid controls governing the amount of property <br />y tax control program, which began in 19'73, limits the amount of <br />;vied. by each unit of government in its legally budgeted funds. <br />~imum property tax levy, which is calculated as a 5% increase over <br />n levy. However, if a local government has experienced growth in <br />of 5%, the municipality may use a percentage equal to that growth, <br />growth is calculated as the average growth. in assessed valuation over <br />ting a year of reassessment. In addition, if'the governmental unit <br />basic governmental services for its residents within the property tax <br />State Local Government Tax Control Board for an "excess levy" in <br />s a part of the property tax control program, the state transfers an <br />I% of the total property tax levy (except for debt service levies as <br />ity Auditor to be distributed to each taxing; unit as a replacement for <br />Jied. This "property tax replacement" is fiinded through the state <br />The levy for Debt Service ds is controlled via a review and approval process by the State <br />Local Government Tax Co of Board (with a subsequent review and approval by the State <br />Board of Tax Commissione s) for each issuance of general obligation iindebtedness (or lease- <br />purchase) entered into by a axing unit. In addition, all indebtedness incurred after 1983 no <br />longer receives the 20% sta a property tax replacement funds mentione;d above. <br />A historical view of the Ci 's tax rate and its net assessed valuation h;~s been included in the <br />statistical section of this do ument. <br />CitXwide Goals and Objectives for 2002 and Beyond <br />The City has developed eig t broad goals that focus on the following areas: economy, safety, <br />quality of life, trust, respon iveness, infrastructure, finance and worlcfe~rce. The City has <br />identified various objective that are tied directly to these goals which, if achieved, will result in <br />the attainment of these goal .The eight goals are listed below. <br />x <br />