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NOTICE TO TAXPAYERS OF BUDGET ESTIMATES AND TAX LEVIES Notice is hereby given to taxpayers of City Of Warsaw, Indiana, that the Common Council of City Of Warsaw will meet at Council Chamber City Hall on November 3, 2008 at 7:00 p.m. will conduct a public hearing on the budget. Following this meeting any ten or more taxpayers may object to a budget, tax rate, or tax levy by filing an objecting petition with the proper officers of the political subdivision within seven days after the hearing. The objecting petition must identify the provisions of the budget, tax rate, or tax levy that taxpayers object to. If a petition is filed, the political subdivision shall adopt with its budget a finding concerning the objections filed and testimony presented. Following the aforementioned meeting, the Fiscal Body will meet at Council Chamber City Hall on November 17, 2008 at 7:00 pm to adopt the following budget: Net assessed valuation 743,000,000 Complete details of budget estimates by fund and/or department may be seen at the Clerk Treasurer's Offices. BUDGET ESTIMATE MAXIMUM ESTIMATED BUDGET FUNDS TO BE RAISED EXCESSIVE LEVY CURRENT TAX FUND NAME ESTIMATE (Including Appeals & APPEALS LEVY Levies Exempt From (Included In Max. Levy Limitations) Column 3) Park Operational Non Revert 15,000 Motor Vehicle Highway Fund 330,000 Cemetery Fund 492,041 351,272 311,910 Park Fund 1,777,063 1,428,136 1,165,950 Cemetery Perm & Perpetual C 85,000 Aviation Depreciation 150,000 Aviation Fund 724,800 31,706 35,276 Cumulative Capital Imp 39,000 Local Road, Street Fund 120,000 Cumulative Fire Fund 191,965 203,386 178,234 General Bond Fund 489,800 668,714 207,940 Fire Pension Fund 287,721 43,494 87,261 Police Pension Fund 366,690 45,203 99,329 Redevelopment District Gen 28,881 35,232 59,411 Law Continuing Education 15,000 Cumulative Capital Dev Fund 626,000 428,661 267,352 Redevelopment Allocation 1,011,463 Redev Northern Tif Allocation 1,407,165 Rainy Day Fund 400,000 Riverboat Fund 76,659 Economic Dev Income Tax (ED 818,000 General Fund 11,716,608 6,631,987 5,933,722 Redevelopment TIR 250,000 180,242 TOTAL 21,168,856 10,117,791 8,526,627 The 2009 estimated maximum levy limitation for this unit is 8,900,000 The Property Tax Replacement Credit used to reduce the rate for this unit is -0- Taxpayers appearing at the hearing shall have an opportunity to be heard. Pursuant to IC 6.1.1-17-13, after the tax levies have been determined, fixed by the appropriate governing body, and the tax rates published for the County Auditor, then ten or more taxpayers or one (1) taxpayer that owns property that represents at least ten percent (10%) of the taxable assessed valuation in the political subdivision may initiate an appeal from the county board of tax adjustment's action on a political subdivision's budget by filing a statement of their objections with the County Auditor. The statement must be filed not later than ten (10) days after the publication of the notice. The statement shall specifically identify the provision of the budget and tax levy to which the taxpayers object. The County Auditor shall forward the statement, with the budget, to the department of Local Government Finance. Elaine Call, Clerk-Treasurer Date: October 14, 2008 o22,29
